MEG Energy shareholders approve Cenovus' $8.6-billion takeover offer

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MEG Energy Corp. shareholders have approved Cenovus Energy Inc.’s $8.6-billion takeover offer. More than 86 per cent of the votes were cast in favour of the deal, MEG chairman James McFarland said Thursday morning. The deal also passed a minority approval test, with 83 per cent of votes cast — excluding shares controlled by the oilsands producer’s largest shareholder Strathcona Resources Ltd. — voting in favour of the transaction. More to come … MEG vote on Cenovus acquisition hit with last-minute delay over 'regulatory inquiry'Cenovus strikes side deal with Strathcona to secure support for MEG takeover • Email: mpotkins@postmedia.com