Home › Suncor's attempt to dismantle Canadian Oil Sands takeover defence heads to ASC
 

Keywords :   


Suncor's attempt to dismantle Canadian Oil Sands takeover defence heads to ASC

2015-11-06 15:08:16| Electronics - Topix.net

The battle between Suncor Energy Inc. and Canadian Oil Sands heads to the Alberta Securities Commission on Nov. 26. Suncor has asked the provincial regulator to dismantle one of the anti-takeover measures adopted by COS directors, so Canadian Oil Sands shareholders can decide for themselves whether to accept a deal announced on Oct. 5. Canadian Oil Sands says its board is actually attempting to defend its shareholders from a bidder with an unfair advantage because of it has access to private information about the Syncrude oil sands operations north of Fort McMurray, Alta. COS has a 37 per cent stake in Syncrude and Suncor has 12 per cent, so together they own just under half of the complex.

Tags: oil attempt canadian heads

Category:Electronics and Electrical

Latest from this category

All news
»
16.05Backlash as Morrisons trials sale of New Zealand lamb
16.05LRS Advances Aluminum Can Recovery with EverestLabs Robot, Funded by Can Manufacturers Institute
16.05Paramount selects Vubiquity to provide managed services for MTV Japan
16.05Waste Water Recycling Pilot Coming to Waterloo, Ontario, Canada
16.05New Rules Pending for Reuse And How Movers in This Space Are Doing
16.05Tageos opens RFID manufacturing site in North Carolina
16.05Net Sales Down 10.5% for Grove Collaborative in Q1 2024
16.05Xeikon and Sappi form \'sweet\' partnership
More »