The war of words in Suncor Energy Inc.’s increasingly hostile takeover bid for Canadian Oil Sands Ltd. moves to a decidedly more subdued setting Thursday as lawyers for both sides appear before the Alberta Securities Commission to determine the status of a recently enacted “poison pill” in what’s become a $4.3-billion standoff. 687 more words
Tags » Canadian Oil Sands
CALGARY – The board of Canadian Oil Sands Ltd. says investors should reject a $4.3-billion takeover offer Suncor Energy made two weeks ago.
In a letter to shareholders, Canadian Oil Sands calls the Suncor bid undervalued, opportunistic and exploitative. 142 more words
It’s a showdown in the heart of Canada’s oil patch. A little birdie has told us that Suncor Energy is going after fellow Canadian Oil Sands (COS) and it’s not all copacetic. 126 more words
In the wake of an unsolicited takeover bid from Suncor Energy, Canadian Oil Sands could use a white knight.
What it could use is a company like its former self — Canadian Oil Sands Trust — which came to the rescue of Canada Southern Petroleum back in 2006 by trumping a hostile takeover attempt by Petro-Canada. 734 more words