MEG Takeover Vote Postponed Again
A shareholder vote on the takeover offer for MEG Energy Corp. has been postponed again due to questions about a side deal between Cenovus Energy Inc. and former rival suitors.
The vote, which was scheduled to approve Cenovus Energy Inc.'s $8.6-billion acquisition, was delayed twice before being postponed for another week.
The postponement is a result of a "regulatory inquiry" which has raised questions about the deal.
A vote to approve Cenovus Energy Inc.'s $8.6-billion acquisition was delayed twice Thursday before MEG’s board announced it would be postponed for another week.
The new vote is expected to take place on November 6.
Author's summary: MEG takeover vote delayed again.
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