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Tag Archives: Suncor

Suncor Energy Inc to weigh options over weekend if it doesn’t win over enough Canadian Oil Sands Ltd shareholders

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With Suncor Energy Inc.’s all-share offer for Canadian Oil Sands Ltd. set to expire Friday evening, Suncor CEO Steve Williams and his advisors will likely huddle over the weekend to plot their next move. Suncor’s $4.13B hostile takeover of Canadian Oil Sands teeters as Friday deadline looms Suncor’s takeover of …

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Suncor Energy Inc’s $4.13B hostile takeover of Canadian Oil Sands Ltd teeters as Friday deadline looms

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Suncor Energy Inc.’s $4.13 billion takeover of Canadian Oil Sands Ltd. looks far from certain, with the target’s share price trading at a record gap to the bid just a day before expiring. Where did the potential buyers of Canadian Oil Sands disappear to? At a hearing before the Alberta …

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Does Suncor have an ‘obligation’ to release results of its offer for Canadian Oil Sands?

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On the first day of trading after Suncor failed to receive enough shareholder support for its bid to take over Canadian Oil Sands, the hunted turned hunter: COS says Suncor has an “obligation to disclose material facts” on its bid. In particular, COS wants to know how many shareholders tendered …

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Suncor, Cenovus launch $100 million cleantech fund

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The oilsands is tapping Silicon Valley talent to tackle some of its biggest environmental challenges. Oilsands companies Suncor Energy Inc. and Cenovus Energy Inc. are set to launch a $100 million Evok Innovations fund in Vancouver Thursday in collaboration with BC Cleantech CEO Alliance. U.S. technology entrepreneur Marty Reed will …

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Suncor Energy wins 73% Canadian Oil Sands shares, declaring takeover a done deal

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CALGARY — Suncor Energy has announced that nearly 73 per cent of Canadian Oil Sands shares and accompanying rights have been tendered to Suncor’s offer. Suncor officials said that as a result, the company will be able to ensure that a subsequent acquisition transaction will be completed and Suncor (TSX:SU) …

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Suncor Energy Inc gets enough support to close its Canadian Oil Sands Ltd acquisition

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CALGARY – After months of urging Canadian Oil Sands Ltd. shareholders to tender their shares, Suncor Energy Inc. now has enough support to close its hostile-turned-friendly takeover. Suncor, the largest integrated oil company in Canada, announced Monday night that it has the support of 82.4 per cent of COS’s shareholders, …

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Suncor Energy Inc expected to shed assets

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Higher debt stemming from the purchase of Canadian Oil Sands Ltd. will likely lead Suncor Energy Inc. to divest some non-core assets, but if oil prices remain depressed, its retail gasoline business may also be put up for sale. The $6.67-billion takeover includes $2.4 billion of debt, while at the …

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