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 initially scheduled to take place, was delayed twice before MEG's board announced that it would be postponed for another week until November 6.
A 'regulatory inquiry' prompted the postponement of the takeover vote.
- The takeover offer is valued at $8.6 billion.
- This is the third postponement since the friendly deal was announced.
Author's summary: MEG takeover vote delayed again due to regulatory inquiry.
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