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Suncor launches $4.3 billion bid for Canadian Oil Sands

2015-10-05 14:16:54| Oil & Gas - Topix.net

The Calgary-based company says it's offering Suncor shares worth about $4.3 billion and would take on about $2.3 billion of debt owed by Canadian Oil Sands, making the total transaction worth $6.6 billion. Suncor says the offer would give shareholders of Canadian Oil Sands a stake in Canada's largest integrated energy company, which includes the Petro-Canada chain of fuel stations as well as its own oil and gas production and refining operations.

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