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MEG Announces Receipt of Final Order for Cenovus Transaction and Preliminary Election Results to Determine the Form of Consideration to be Received by MEG Shareholders
MEG Announces Receipt of Final Order for Cenovus Transaction and Preliminary Election Results to ...
About this update from Cenovus Energy Inc.
[{"type":"text","content":"\n\n\nMEG Announces Receipt of Final Order for Cenovus Transaction and Preliminary Election Results to Determine the Form of Consideration to be Received by MEG Shareholders\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.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n\n\n\n\n\nCanada NewsWire\n\n\nFinal Order for the Cenovus Transaction granted by the Court of King's Bench of AlbertaCenovus Transaction anticipated to close Thursday, November 13, 2025Preliminary election results to determine the form of consideration to be received by MEG Shareholders indicate pro-rationing of Share Consideration electionsCALGARY, AB, Nov. 12, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) (\"MEG\", or the \"Company\") is pleased to announce that the Court of King's Bench of Alberta has granted the final order in respect of the previously announced plan of arrangement under Section 193 of the Business Corporations Act (Alberta) (the \"Cenovus Transaction\") involving MEG, holders (\"MEG Shareholders\") of common shares of MEG (\"MEG Shares\") and Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) (\"Cenovus\"). The Cenovus Transaction was approved by MEG Shareholders at a special meeting held on November 6, 2025. Subject to the satisfaction or waiver of other customary closing conditions, the Cenovus Transaction is expected to close on November 13, 2025.\n\n\n\n\n\n\n\nMEG is also pleased to announce the preliminary results of the pro-rationing calculations to determine the form of consideration to be received by MEG Shareholders pursuant to the Cenovus Transaction. As previously announced, the deadline to have made such an election was 4:30 pm (Calgary time) on November 5, 2025 (the \"Election Deadline\").\nPrior to the Election Deadline, MEG Shareholders were entitled to elect to receive: (i) $30.00 in cash per MEG Share (\"Cash Consideration\"); (ii) 1.255 Cenovus common shares (each whole share, a \"Cenovus Share\") per MEG Share (\"Share Consideration\"); or (iii) a combination thereof, in all cases, subject to rounding and proration based on maximum aggregate Cash Consideration of approximately $3.8...