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MEG Announces Improved Cenovus Transaction: Higher Offer, Increased Equity Participation, and Special Meeting Postponement
MEG Announces Improved Cenovus Transaction: Higher Offer, Increased Equity Participation, and Spe...
About this update from Cenovus Energy Inc.
[{"type":"text","content":"\n\n\n\n MEG Announces Improved Cenovus Transaction: Higher Offer, Increased Equity Participation, and Special Meeting Postponement\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: LEFT; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Improved Transaction Consideration of\n \n $29.80\n \n per MEG Share represents an increase of\n \n $2.35\n \n per MEG Share\n \n\n from the announced value of the Initial Transaction Consideration\n \n\n\n\n\n\n Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares\n \n\n\n\n\n\n Increased equity component provides MEG Shareholders with additional upside participation in Cenovus, an industry-leading producer with significant scale, growth, and synergy potential at\n \n Christina Lake\n \n\n\n\n\n\n\n The MEG Board recommends MEG Shareholders vote\n \n FOR\n \n the Improved Cenovus Transaction\n \n\n\n\n\n\n The Meeting has been postponed to\n \n Wednesday, October 22, 2025\n \n at\n \n 9:00 a.m.\n \n (Calgary Time) to allow MEG Shareholders additional time to deposit proxies and vote\n \n FOR\n \n the Improved Cenovus Transaction\n \n\n\n\n\n\n Deadline for MEG Shareholders to deposit their proxies in order to vote on the Improved Cenovus Transaction revised to\n \n Monday, October 20, 2025\n \n at\n \n 9:00 a.m.\n \n (Calgary Time)\n \n\n\n\n\n\n Deadline for MEG Shareholders to make an election with respect to their preferred form of consideration to be received under the Improved Cenovus Transaction revised to\n \n Monday, October 20, 2025\n \n at\n \n 4:30 p.m.\n \n (Calgary Time)\n \n...