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MEG Investors File Complaints Over Cenovus Takeover Process

Bloomberg•Wednesday, October 15, 2025 at 4:35:56 PM
NegativeFinancial Markets
MEG Investors File Complaints Over Cenovus Takeover Process
Three shareholders of MEG Energy Corp. have raised concerns with the Alberta Securities Commission, alleging that the MEG board did not act in the best interests of investors during the takeover process by Cenovus Energy Inc. They claim that the board allowed Cenovus to purchase shares after enhancing its offer, which raises questions about the board's priorities. This situation is significant as it highlights potential governance issues and investor dissatisfaction, which could impact future corporate decisions.
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