Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
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.
This story is from the August 23, 2025 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
EU must ease tech rules, says Lutnick
IN ORDER TO GET A DEAL TO LOWER STEEL TARIFFS
2 mins
November 25, 2025
Financial Express Kochi
Delhi govt, pvt offices to enforce 50% WFH due to high pollution
DELHI GOVERNMENT OFFICES and all private establishments in the city will function with 50% staff strength, and the rest will work from home under stage three of the Graded Response Action Plan (GRAP) in view of high air pollution levels, according to an order issued on Monday.
2 mins
November 25, 2025
Financial Express Kochi
The complete man who left a yaadon ki baraat for generations of Indians
THROUGH HIS 60-PLUS rewarding years as an actor and legendary star, Dharmendra was dubbed “He-Man” and “Garam Dharam”.
2 mins
November 25, 2025
Financial Express Kochi
Pvt capex projects spike in Sept qtr, says RBI bulletin
INVESTMENT OPTIMISM UP
1 mins
November 25, 2025
Financial Express Kochi
ED freezes ₹523-cr deposits of WinZO and Gameskraft
THE ENFORCEMENT DIRECTORATE on Monday said it has frozen collective deposits worth about ₹523 crore of online gaming companies WinZO and Gameskraft as the platforms allegedly “held” funds worth crores of rupees that should ideally have been refunded to players after India banned real-money gaming recently.
1 min
November 25, 2025
Financial Express Kochi
Reforms and resistance
IMPLEMENTATION, ENGAGEMENT AND GOVT RESPONSE TO WORKER DISCONTENT WILL BE KEY
4 mins
November 25, 2025
Financial Express Kochi
Clean-label baby brands gain big traction despite scale hurdles
RISING DEMAND FOR clean-label baby products is powering rapid growth and investor interest in the baby care market, even as concerns linger about scalability and capital intensity in the segment.
2 mins
November 25, 2025
Financial Express Kochi
India Inc’s unhedged dollar loans plunge
SOUMYAJIT NIYOGI, DIRECTOR at Ind-Ra, said, “Entities already hurt by US tariffs now face a double blow—higher borrowing costs are squeezing them further, hitting both their profitability and balance sheets.
1 min
November 25, 2025
Financial Express Kochi
Textile exporters see higher wage bills, compliance costs
MARGIN FACES CODE THREAT
2 mins
November 25, 2025
Financial Express Kochi
Data show room exists for rate cut: RBI guv
RESERVE BANK OF INDIA (RBI) Governor Sanjay Malhotra said on Monday that the current economic indicators suggest there is a scope for repo rate cut, but a decision on it will be made by the Monetary Policy Committee (MPC).
1 min
November 25, 2025
Listen
Translate
Change font size