MEG Takeover Vote Postponed Again
A shareholder vote on the takeover offer for MEG Energy Corp. has been postponed again due to questions about a side deal between Cenovus Energy Inc. and former rival suitors.
The vote, which was scheduled to approve Cenovus Energy Inc.'s $8.6-billion acquisition, was delayed twice before being postponed for another week.
A 'regulatory inquiry' prompted the oilsands companies to put off the vote until Nov. 6.
This is the third postponement since the friendly deal was announced.
Author's summary: MEG takeover vote delayed again over regulatory inquiry.