A few weeks ago, MEG Energy investors were contemplating the prospect of two competing takeover bids for the oilsands company.
Less than 10 days from now, will there be any offers on the table — or will the long-running pursuit of MEG Energy finally be over with an accepted bid?
It seems unlikely MEG Energy will remain a stand-alone company, but experts say it’s not an impossibility after a special shareholder meeting to consider a friendly $8.5-billion takeover offer by integrated producer Cenovus Energy was postponed from Wednesday to Oct. 30.
In a news release, Cenovus said Tuesday its offer was expected to secure about 63 per cent of all shares voting in favour of its takeover offer — falling below the two-thirds approval it required — and the acquirer exercised its right to postpon

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