Cenovus' Sunrise oil facility northeast of Fort McMurray in 2023.

The battle to buy MEG Energy Corp. MEG-T has finally been won.

After a bidding war that spanned five months and saw the price on the table for the last of Canada’s pure-play oil sands producers rise by roughly $2.7-billion to $30 a share, Cenovus Energy Inc. CVE-T gathered enough support as of Monday to move forward with the acquisition.

In the two months since it first struck a friendly $7-billion white-knight deal with MEG to best a hostile $5.9-billion bid from Strathcona Resources Ltd. SCR-T , Cenovus has twice been forced to raise its offer in order to win over enough MEG investors, eventually exceeding $8.6-billion .

Strathcona, which owns 14.2 per cent of MEG and previously had fiercely opposed selling

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