Suncor completes acquisition of COS

Suncor Energy Inc., Calgary, has completed its acquisition of Canadian Oil Sands Ltd.

Suncor acquired an additional 15.8% of the outstanding shares of COS at a special meeting where shareholders approved an amalgamation agreement that brought the total to 100% of the issued and outstanding COS shares.

COS shares are expected to be delisted from the Toronto Stock Exchange following the close of business on Mar. 23.

Suncor made an unsolicited takeover offer for COS in October (OGJ Online, Oct. 6, 2015). The COS board accepted an amended offer in January.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...