S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index
The shareholders of Cenovus Energy Inc. (TSX: CVE) and MEG Energy Corp. (TSX: MEG) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of MEG Energy will be exchanged for $30.00 in cash or 1.255 shares of Cenovus Energy for each MEG Energy share held, subject to proration such that the aggregate consideration paid to MEG Energy consists of 50% cash and 50% consideration in Cenovus Energy shares.
The shareholders of Cenovus Energy Inc. (TSX: CVE) and MEG Energy Corp. (TSX: MEG) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of MEG Energy will be exchanged for $30.00 in cash or 1.255 shares of Cenovus Energy for each MEG Energy share held, subject to proration such that the aggregate consideration paid to MEG Energy consists of 50% cash and 50% consideration in Cenovus Energy shares.
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