The Conversation (0)
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.
In anticipation of the arrangement closing, MEG Energy will be removed from the S&P/TSX Composite Index prior to the open of trading on November 17, 2025. The shares outstanding of Cenovus Energy will be increased at the same time to reflect the issuance of shares. Accordingly, the new shares outstanding of Cenovus Energy will be increased to 1,958,255,195 with an increased IWF of 0.72 in the S&P/TSX indices.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices LLC.
View original content: http://www.newswire.ca/en/releases/archive/November2025/12/c4313.html
