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 on Thursday before MEG's board announced that it would be postponed for another week, marking the third postponement since the friendly deal was announced.
The postponement was prompted by a "regulatory inquiry" into the deal, which has raised questions about the acquisition.
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 scheduled to take place on November 6.
Author's summary: MEG takeover vote delayed due to regulatory inquiry.
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