Letter to Shareholders of Canadian Oil Sands Urges Takeover Bid Acceptance
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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