👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

BRIEF-Suncor agrees to buy Canadian Oil Sands in a revised deal

Published 2016-01-18, 07:22 a/m
© Reuters.  BRIEF-Suncor agrees to buy Canadian Oil Sands in a revised deal
SU
-

Jan 18 (Reuters) - Suncor Energy Inc SU.TO :
* Suncor Energy and Canadian Oil Sands reach agreement to support acquisition
* Amended offer has a total aggregate transaction value of approximately $6.6
billion
* Agreed to amend its offer to provide for an increase in original offer to cos
shareholders to 0.28 of a Suncor share for each cos share
* Amended offer includes cos' estimated debt of $2.4 billion; has the support
of the boards of directors of both companies
* Shareholders who tender by the expiry date will be entitled to receive
suncor's Q1 2016 dividend
* Amended offer will include an extension of expiry time which is currently
anticipated to be extended to 4:00 p.m. (mt) on February 5, 2016
* Says amended offer will continue to allow a tax-deferred rollover for
Canadian shareholders of cos

* Source text for Eikon ID:nMKWVNBkMa

* Further company coverage SU.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.