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Strathcona Drops Out of Bidding War for MEG Energy

October 14, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--MEG Energy (Calgary, Alberta) shareholders will vote on Cenovus Energy's sweetened offer for the pure-play oil sands producer on October 22 after rival Strathcona Resources Limited dropped its takeover bid. The termination of Calgary-based Strathcona's offer ended a battle that began earlier this year, when MEG's board of directors rejected Strathcona's initial offer as inadequate.

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