11:50 AM EST - Cenovus Energy Inc. : recommended that its shareholders reject unsolicited offer made by TRC Capital Corp. Cenovus wishes to inform its shareholders that it is not associated with TRC Capital, the offer or the offer documentation. Cenovus has received a copy of an unsolicited mini-tender offer made by TRC Capital, pursuant to which TRC Capital has offered to buy up to 4 million common shares of Cenovus. The offer price of $23.55 per common share represents about a 4.8% discount to the $24.75 closing price for Cenovus's common shares on the Toronto Stock Exchange on January 27. Cenovus Energy Inc.
shares T.CVE are trading up $0.01 at $25.90.
