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Cenovus signs $7.9B deal to buy MEG as Strathcona says company is 'preying on a weak board'
Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in May that the company urged shareholders to reject.
We are reviewing MEG Energy and Strathcona Resources stock again amid a combative takeover bid. Click here to find out why ...
CALGARY, AB, July 2, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona" or the "Company") (TSX: SCR) is pleased to confirm the closing of its previously announced Montney asset sales, for total ...
The combined Strathcona-MEG business is expected to be owned 56.5 percent by existing holders of Strathcona shares, 37.8 percent by existing holders of MEG shares, and 5.6 percent by Waterous.
Strathcona Resources (OTCPK:STHRF) will vote against Cenovus Energy's (NYSE:CVE) C$7.9B acquisition of MEG Energy ...
Strathcona Resources Earnings Insights Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Oil and Gas industry in ...
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