A regulatory inquiry has prompted MEG and Cenovus companies to postpone the takeover vote until November 6.
Questions were raised about a deal struck between former rival suitors for MEG Energy Corp, resulting in the postponement of the shareholder vote on the takeover offer.
The vote to approve Cenovus Energy Inc.'s $8.6-billion acquisition was delayed twice before MEG's board announced the postponement.
A vote to approve Cenovus Energy Inc.'s $8.6-billion acquisition was delayed twice Thursday before MEG’s board announced it would be postponed for another week — the third postponement since the friendly deal was announced.
Author's summary: MEG takeover vote delayed due to regulatory inquiry.