Cenovus confirmed Wednesday that it had bought 25,000,000 shares in MEG since Oct. 8, representing 9.8 per cent of the company, and said it intends to vote them in favour of its revised takeover deal. Photo by MEG Energy/Postmedia files

Investors have complained to the Alberta Securities Commission about MEG Energy Corp.’s sale to Cenovus Energy Inc. , alleging the process treated rival bidders and shareholders unfairly.

At least three complaints have been filed with the ASC after rival bidder Strathcona Resources Ltd. announced last week it was dropping its bid in response to Cenovus striking a new agreement with MEG’s board after it.

The new agreement saw Cenovus raise its offer for the oilsands producer by $1.32 per MEG share on Oct. 8. In exchange, MEG’s board agreed

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