03 Nov 2025

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  • Bitumen 60/70

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    1.6%

  • Bitumen 60/70

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    Iran - Flexitank

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    1.6%

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    -2.9%

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    United Kingdom - Bulk

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Home Blog Cenovus Sweetens Offer for MEG Energy to $6.2 Billion

Cenovus Sweetens Offer for MEG Energy to $6.2 Billion

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Update date: 2025/10/08

Cenovus Energy is raising its takeover bid for MEG Energy in the best and final offer to buy the company that has seen rival bids from Cenovus and Strathcona Resources in recent months.  Cenovus announced on Wednesday a sweetened offer for MEG Energy shareholders, which values the target company at US$6.16 billion (C$8.6 billion) including debt.   The fully pro-rated consideration for MEG represents a value of approximately US$21.37 (C$29.80) per MEG share at Cenovus’s closing share price on October 7, 2025, an increase of…

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