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Canadian Oil Sands claims victory, calls for Suncor to disclose details to public
2016-01-11 14:12:19| Oil & Gas - Topix.net
Canadian Oil Sands Ltd. is calling on Suncor Energy Inc. to disclose details of how shareholders reacted to its $4.3-billion hostile takeover bid for COS before a Jan. 8 deadline was extended by nearly three weeks. The Calgary-based company claims it won a resounding victory last week, which ended with Suncor extending the deadline for its all-stock offer to Jan. 27 - but without changing what's on the table.
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Canadian Oil Sands repeats call to remain independent despite Suncor bid
2016-01-04 14:49:52| Oil & Gas - Topix.net
Canadian Oil Sands is continuing its efforts to fend off a hostile takeover by Suncor, telling shareholders again Monday that their interests will be "best served" in the long run if the company remains independent. The Calgary-based company noted that Suncor has given Canadian Oil Sands shareholders until Friday to accept its all-stock offer and advises them to hold onto their shares.
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Canadian Oil Sands tells shareholders to reject Suncor bid as deadline looms
2015-12-29 18:27:39| Oil & Gas - Topix.net
Canadian Oil Sands is again urging its shareholders to reject a takeover bid by Suncor Energy, which has set Jan. 8 as the deadline for investors. The company sent a letter to its shareholders Tuesday in the latest back-and-forth between the two Calgary-based firms, saying it can weather prolonged low oil prices on its own and thrive once crude recovers.
Lessons from the Suncor-Canadian Oil Sands Shareholder Rights Plan Decision
2015-12-19 12:01:00| Oil & Gas - Topix.net
On December 14, 2015, the Alberta Securities Commission released its much anticipated decision concerning the 120-day shareholder rights plan adopted by Canadian Oil Sands Limited in response to the unsolicited take-over bid for COSL commenced by Suncor Energy Inc. on October 5, 2015. The ASC permitted the COSL tactical shareholder rights plan to remain effective until January 4, 2016, resulting in a 90-day bid period.
Tags: rights
plan
decision
oil
Suncor: Canadian Oil Sands leadership has 'almost no skin in the game'
2015-12-15 20:04:54| Oil & Gas - Topix.net
Suncor Energy has made a new appeal to the shareholders of its reluctant takeover target, arguing that Canadian Oil Sands' top brass would own more stock in their company if they were truly confident in its future as an independent player. "COS board members and management have almost no skin in the game, yet they want you to take a huge risk by rejecting our offer," Suncor CEO Steve Williams wrote in an open letter released Tuesday.
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