Ninepoint Exits MEG Energy Stake Ahead of Cenovus Deal Vote

Ninepoint Exits MEG Energy Stake Ahead of Cenovus Deal Vote

One of MEG Energy Corp.’s largest shareholders sold its position ahead of a key vote on a takeover offer for the company, concerned that competing bids from both Cenovus Energy Inc. and Strathcona Resources Ltd. may fall apart.

MEG Shareholders Set to Vote on Critical Decision – Cenovus vs. Strathcona vs. Going it Alone – Oil & Gas 360

(BOE Report)– The contest for MEG Energy is entering its final stages, with two competing bids on the table and shareholders set to vote in October. The upcoming votes will determine whether MEG is acquired by Cenovus, taken over by Strathcona, or remains independent. Key Dates Ahead Several important dates now define the timeline: October 7: Proxy voting deadline for MEG shareholders on the Cenovus arrangement. October 9: Special shareholder

MEG Shareholders Set to Vote on Critical Decision – Cenovus vs. Strathcona vs. Going it Alone

The contest for MEG Energy is entering its final stages, with two competing bids on the table and shareholders set to vote in October. The upcoming votes will determine whether MEG is acquired by Cenovus, taken over by Strathcona, or remains independent. Key Dates Ahead Several important dates now define the timeline: October 7: Proxy

Glass Lewis sides with Cenovus in takeover battle for MEG’s Christina Lake project

CALGARY — Cenovus Energy Inc. has gained another boost in its $7-billion takeover bid for MEG Energy Corp., as a second influential proxy adviser has recommended shareholders back the deal over a competing hostile offer from Strathcona Resources Ltd. Glass Lewis & Co. issued its endorsement Tuesday, days after Institutional Shareholder Services gave its own support. Both firms influence how large institutional investors vote, and their recommend…