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Cenovus to buy MEG Energy
Financial Express Kochi
|August 23, 2025
CENOVUS ENERGY AGREED to buy MEG Energy Corp. for C$6.93 billion ($5 billion), beating a bid from Strathcona Resources Ltd. to boost its position among Canada's top oil producers.
The deal values MEG shares at C$27.25 and calls for Cenovus to pay three-quarters in cash and a quarter in stock, according to a statement Friday. Cenovus expects the acquisition to close in the fourth quarter, subject to regulatory and shareholder approvals. The total value of the deal is C$7.9 billion including debt.
Diese Geschichte stammt aus der August 23, 2025-Ausgabe von Financial Express Kochi.
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