CANADIAN MEGA DEAL – Cenovus Signs Cash-and-Stock Deal to Buy MEG Energy

CALGARY – Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at CDN $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the Cenovus deal … Read more