Tag: COS

COS shareholders should reject Suncor: Prominent businessman

COS shareholders should reject Suncor: Prominent businessman

Schulich on Suncor deal: “I’m not selling at this price and you shouldn’t either” CALGARY _ A prominent Canadian businessman has taken out full-page newspaper ads to declare his opposition to a hostile takeover of Canadian Oil Sands, but the CEO of Suncor Energy says he believes Seymour Schulich is in the minority. In the […]

By January 5, 2016 0 Comments Read More →
Suncor says it will not extend COS takeover offer beyond Dec. 4 deadline

Suncor says it will not extend COS takeover offer beyond Dec. 4 deadline

Suncor offered $4.5B all-stock offer to COS shareholders CALGARY _ A Suncor Energy executive says the company won’t extend its hostile takeover offer for Canadian Oil Sands past its Dec. 4 deadline. Steve Reynish, Suncor’s executive vice-president of strategy and corporate development, testified today before the Alberta Securities Commission today that the company would not extend […]

By November 26, 2015 0 Comments Read More →
Arguements in Canadian Oil Sands hostile takeover bid by Suncor heard by Alberta Regulator

Arguements in Canadian Oil Sands hostile takeover bid by Suncor heard by Alberta Regulator

Canadian Oil Sands has four ‘highly credible’ parties scoping out a deal with the company CALGARY _ The Alberta Securities Commission will hear arguments today into whether Canadian Oil Sands should be allowed to keep its defence against hostile takeovers. Suncor Energy took a $4.5-billion all-stock offer directly to shareholders on Oct. 5 after attempts […]

By November 26, 2015 0 Comments Read More →