Cenovus Vitality should sweeten its bid for MEG Vitality, says shareholder who sees ‘large transfer’ as unlikely

Cenovus Vitality (CVE.TO)(CVE) could be reluctant to sweeten its deal to purchase smaller Canadian oilsands producer MEG Vitality, (MEG.TO) following Monday’s upsized bid from Strathcona Sources (SCR.TO). That’s in response to an institutional investor who owns all three shares concerned within the unfolding takeover drama.