Cenovus Energy Inc.’s top executive said the company doesn’t plan to increase its takeover offer for oilsands producer Meg Energy Corp., despite a higher rival offer from Strathcona Resources Ltd. “We ...

Cenovus Energy Inc. chief executive Jon McKenzie struck a cautious tone Thursday when asked about the company’s potential interest in pursuing a white-knight bid for MEG Energy Corp., downplaying the ...

MEG Energy Corp. is urging shareholders to reject Strathcona Resources' hostile takeover offer. (Credit: MEG Energy) The sources, who have knowledge of the bidding process, said MEG has set a Monday ...

Oilsands giant Cenovus Energy Corp. has been cited by industry watchers as one of the potential competing bidders for MEG Energy Corp., which has spurned an unsolicited offer from Strathcona Resources ...

MEG Energy Corp.'s Christina Lake oilsands facility near Fort McMurray, Alta. (Credit: Courtesy/MEG Energy Corp.) Strathcona, led by veteran oilpatch dealmaker Adam Waterous, has built a war chest of ...

Cenovus Energy is in talks with a coalition of Canadian Indigenous groups to jointly acquire oil sands rival MEG Energy, Bloomberg reported Tuesday, citing people familiar with the matter. The ...

MEG has initiated a strategic review of alternatives with the potential to surface an offer superior to the Company's compelling standalone plan MEG's Board formed a Special Committee to conduct a ...

Strathcona Resources Ltd. is making an unsolicited takeover offer for oilsands producer MEG Energy Corp. that values the company at about $5.9 billion. The stock-and-cash offer comes after Strathcona, ...

MEG Energy Inc. has accepted a friendly cash-and-stock takeover offer from oilsands neighbour Cenovus Energy Inc. worth $7.9 billion, including debt, after spurning an earlier unsolicited bid from ...

The oilsands takeover fight intensifies as MEG investors prepare to choose between short-term payout and long-term equity gains. The battle to take over MEG Energy Corp. is pitting a friendly ...

Cenovus will acquire MEG Energy for $7.9B, creating one of Canada's largest oil sands producers. Deal includes cash and stock options for shareholders. Cenovus will pay MEG shareholders $27.25 per ...

Cenovus Energy Inc.’s top executive said the company doesn’t plan to increase its takeover offer for oil sands producer MEG Energy Corp., despite a higher rival bid from Strathcona Resources Ltd.