Cenovus Energy CEO won't increase offer for MEG Energy - Bloomberg

Core Viewpoint - Cenovus Energy's CEO announced that the company will not raise its takeover offer for MEG Energy Corp despite a higher competing bid from Strathcona Resources, indicating that Cenovus is already at the upper limit of its valuation range for the acquisition [4]. Group 1 - Cenovus Energy is currently engaged in a takeover bid for MEG Energy Corp [4]. - Strathcona Resources has made a higher rival bid for MEG Energy Corp, prompting questions about Cenovus's strategy [4]. - The CEO of Cenovus stated that the company is paying at the highest end of the valuation range for the acquisition [4].