Suncor has made an announcement that the company has acquired almost 73% of the Canadian Oil Sands shares, giving Suncor the accompanying rights that the energy company has been seeking n the last few months. After trying to acquire COS shares with two separate offers Suncor made a hostile takeover bid for Canadian Oil Sands.…
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COS shareholders are being urged by Canadian Oil Sands to reject the recent Suncor hostile takeover bid, while Suncor is encouraging these same shareholders to take the offer in order to protect the value of the stock that they hold. COS is arguing that the offer, set at $4.5 million, is undervalued and that shareholders…
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In recent weeks the Suncor takeover bid for Canadian Oil Sands has been the topic of much discussion and many conversations. When COS initiated a so called poison pill amendment and asked for more time to consider the options Suncor publicly stated that their bid would end on the indicated date. When the Alberta Securities…
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The fight between Canadian Oil Sands and Suncor Energy worsened recently when Suncor sent a letter to shareholders of COS urging these shareholders to accept the takeover bid that the company made. Suncor asked the shareholders to accept the bid for a hostile takeover to the tune of $4.7 billion and to ignore the COS…
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A recent takeover bid by Suncor for Canadian Oil Sands has been rejected, with Canadian arguing that more time is needed so the company can examine and evaluate all of their options. Suncor made an unsolicited takeover offer in the amount of $4.3 billion, but the attempt was one that was not welcome or wanted…
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