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Cenovus Energy Strikes $7.9 Billion Deal To Acquire MEG, Creating Oil Sands Powerhouse
benzinga.com/m-a/25/08/47278585/cenovus-energy-strikes-7-9-billion-deal-to-acquire-meg-creating-oil-sands-powerhouse
Cenovus Energy Inc. (NYSE:CVE) said Thursday it will acquire MEG Energy Corp. (OTC:MEGEF) in a cash-and-stock deal valued at $7.9 billion, including debt, creating one of the largest players in Canada’s oil sands sector.
Cenovus will pay MEG shareholders $27.25 per share, with 75% in…
This story appeared on benzinga.com, 2025-08-22 11:32:26.