The chairman of MEG Energy Corp. has paused a shareholder meeting on a proposed takeover by Cenovus Energy Inc.

The meeting had been set for 9 a.m. local time today, but is now to resume at 2 p.m.

Board chair James McFarland says he decided to call a recess in order to address a "regulatory inquiry" that came in Wednesday night.

It's the latest twist in a bitter months-long takeover fight that pitted oilsands giant Cenovus against smaller rival bidder Strathcona Resources Ltd.

Cenovus raises takeover offer for MEG Energy and ponies up more stock

Strathcona dropped its all-stock bid earlier this month and this week pledged it would vote its 14 per cent stake in MEG in favour of a sweetened offer from Cenovus.

Cenovus and MEG have side-by-side oilsands properties at Christina Lake, sou

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