Cenovus announces closing of MEG Energy acquisition
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: GlobeNewswire
CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its acquisition of MEG Energy Corp. (TSX: MEG) (MEG) was completed today. This acquisition strengthens Cenovus’s portfolio of long-life, low-cost oil sands assets, adding top-tier operations that are directly adjacent to the company’s Christina Lake asset. Total consideration paid by Cenovus included: $752 million of cash paid for 25.0 million MEG shares acquired through open market transactions.$3.44 billion of cash paid to MEG shareholders, other than Cenovus, under the terms of the agreement.143.9 million Cenovus common shares issued to MEG shareholders, other than Cenovus, under the terms of the agreement.Approximately $800 million of estimated net debt assumed, on closing. “The addition of MEG assets and people will have an immediate positive impact on Cenovus,” said Jon McKenzie, Cenovus President & Chief Executive Officer. “The strategic fit is excepti
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- 12/1/25 - Form 6-K
- 12/1/25 - Form F-10
- 12/1/25 - Form SUPPL
- CVE's page on the SEC website