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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MEGEF:
- MEG Energy downgraded to Sell from Buy at TD Securities
- MEG Energy Postpones Shareholder Vote on Cenovus Transaction
- MEG Energy Urges Shareholders to Support Enhanced Cenovus Deal
- MEG Energy Enhances Cenovus Deal Terms, Sets New Shareholder Meeting Date
- MEG Energy Announces Enhanced Cenovus Transaction with Increased Shareholder Benefits