CALGARY – 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 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.