7.9B

Business

Cenovus signs $7.9B deal to buy MEG as Strathcona says company is ‘preying on a weak board’

August 23, 2025

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Cenovus signs .9B deal to buy MEG as Strathcona says company is ‘preying on a weak board’

MEG Energy Inc. has recently accepted a friendly cash-and-stock takeover offer from Cenovus Energy Inc. worth $7.9 billion, including debt.…