December 15, 2015 / 2:06 PM / 2 years ago

Suncor urges Canadian Oil Sands shareholders to tender shares to its offer

Dec 15 (Reuters) - Canada’s largest oil and gas company Suncor Energy Inc urged shareholders of Canadian Oil Sands Ltd to tender their shares to its offer for the company.

Canadian Oil Sands adopted a poison pill two days after Suncor made its unsolicited all-stock offer in early October, which valued the company at C$4.3 billion.

“Hope is still not a strategy,” Suncor wrote in a letter to Canadian Oil Sands’ shareholders, stressing there was “little time remaining” before its tender offer expires on Jan. 8. (Reporting by Anet Josline Pinto in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below