Cenovus Energy CVE-T on Monday further sweetened its bid for MEG Energy MEG-T to $30 per share, winning long-sought backing from MEG’s largest shareholder, Strathcona Resources SCR-T .

Earlier this month, Cenovus had already raised its offer for MEG to about $29.80 per share, and said it was its “best and final” offer, in an attempt to outbid Strathcona.

Shareholder meeting on the transaction is expected to be held on October 30, which was postponed from October 22. Please enable JavaScript to view this content.

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