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.
This is the third postponement since the friendly deal was announced, with the new vote scheduled for November 6.
A "regulatory inquiry" has prompted the companies to put off the takeover vote.
Author's summary: MEG takeover vote delayed again.
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