After months of heated comments and accusations on both sides the COS takeover deal can be closed by Suncor after the energy company received sufficient support for the deal. For months now Suncor Energy has been urgently asking Cos shareholders to tender the shares that they own so that Suncor could take over Canadian Oil…
Read moreSuncor 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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According to a financial adviser Suncor is not the only company who may be interested in COS, and the Alberta Securities Commission must decide whether COS can continue with their defence against a hostile takeover. On October 5 of this year Suncor tried to bypass the COS board and take an offer directly to the…
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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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Is a new proposed Suncor mining project located too close to Fort MacMurray? The project would be located only 6 kilometres from the city, and some think that that is just too close for comfort. So far Suncor has met with aboriginal groups and municipal authorities in order to gain some feedback on the proposal…
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