OilPrice
Cenovus Energy on Friday announced it has entered into a definitive arrangement agreement to acquire MEG Energy Corp in a cash and stock deal valued at US$5.7 billion (C$7.9 billion), including assumed debt. The agreement between Cenovus and MEG marks the end of a months-long saga in which suitors have sought to buy MEG Energy…
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Cenovus to Buy MEG as Canada’s Oil Sands Consolidate Further
Rubi Kazmierczak
20:21
Cenovus Energy on Friday announced it has entered into a definitive arrangement agreement to acquire MEG Energy Corp in a cash and stock deal valued at US$5.7 billion (C$7.9 billion), including assumed debt. The agreement between Cenovus and MEG marks the end of a months-long saga in which suitors have sought to buy MEG Energy…
