Cenovus delays MEG Energy shareholder vote of takeover offer
NeutralWorld Affairs

Cenovus has postponed the shareholder vote regarding its takeover offer for MEG Energy. This decision comes despite the fact that approximately 63 percent of MEG shares, either represented by proxy or expected to be voted in person, supported the bid. The delay raises questions about the next steps in the acquisition process and what it means for both companies moving forward.
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