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MEG Energy Board Urges Shareholders To Reject Revised Strathcona Offer And Vote For Cenovus $8.2B Transaction

Author: Benzinga Newsdesk | September 15, 2025 07:14am

MEG's Board of Directors unanimously recommends that MEG Shareholders vote FOR the Cenovus Transaction
Revised Strathcona Offer exposes MEG Shareholders to inferior assets, an unproven track record, an overvalued Strathcona share price, significant overhang risk, and governance risk
The Special Distribution described in the Revised Strathcona Offer results in a weaker balance sheet and increased financial risk for the combined company compared to the Initial Strathcona Offer
Cenovus Transaction accelerates value realization from MEG's standalone plan, provides shareholders with substantial cash and highly liquid share consideration with lower risk and upside participation in long-term value creation potential

Posted In: CVE