Cenovus Energy Inc. (NYSE:CVE) on Wednesday signed an amending agreement to its previously announced August 21, 2025, arrangement agreement to acquire MEG Energy Corp. (OTC:MEGEF).
Revised Acquisition Offer: Pursuant to the updated terms, MEG shareholders may elect to receive either $29.50 in cash per share or 1.240 Cenovus common shares, subject to rounding and proration limits of $3.8 billion in cash and 157.7 million Cenovus shares.
