Cenovus Energy: Finally A Viable Deal

2025-10-28 18:10:01 ET

Cenovus Energy ( CVE ) announced a final push to the offer that got Strathcona ( OTCPK:STHRF ) to finally agree to vote the shares held in favor of the deal. It has been a struggle for any party involved to get a majority of shares to vote in favor of really any acquisition for quite some time as the history of MEG Energy ( OTCPK:MEGEF ) will attest to. The final offer is roughly 50% shares and 50% cash. So, if one or the other part of the offer is oversubscribed, then there will be some proration. The value of the final offer is roughly C$30 per share with holder of MEG shares being able to choose anything from all cash to all shares subject to proration as needed....

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