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Strathcona backs Cenovus' sweetened C$30-a-share offer for MEG
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Strathcona backs Cenovus' sweetened C$30-a-share offer for MEG
Oct 27, 2025 3:38 AM

Oct 27 (Reuters) - Cenovus Energy ( CVE ) on

Monday further sweetened its bid for MEG Energy ( MEGEF ) to C$30

a share, winning long-sought backing from MEG's largest

shareholder, Strathcona Resources ( STHRF ).

Earlier this month, Cenovus had already raised its offer for

MEG to about C$29.80 per share, and said it was its "best and

final" offer, in an attempt to outbid Strathcona.

Shareholder meeting on the transaction is expected to be

held on October 30, which was postponed from October 22.

($1 = 1.4024 Canadian dollars)

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