MEG Energy (MEGEF) announced this morning that its special meeting to vote on the proposed merger with Cenovus Energy (CVE), previously scheduled for October 22, has been postponed to October 30. At the time the meeting was postponed, 63% of the MEG shares were expected to be voted for the approval of the Cenovus transaction. The deal is conditional upon the approval by MEG shareholders holding at least 66 2/3% of the MEG shares.
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Read More on MEGEF:
- MEG Energy downgraded to Sell from Buy at TD Securities
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- MEG Energy Enhances Cenovus Deal Terms, Sets New Shareholder Meeting Date
- MEG Energy Announces Enhanced Cenovus Transaction with Increased Shareholder Benefits
