Suncor Energy comments on extension of offer for Canadian Oil Sands
Suncor Energy provided perspective on the extension of its offer for Canadian Oil Sands Limited (“COS”) before it expires at 6:00 p.m. MT (8:00 p.m. ET) Wednesday, January 27.
“We are encouraged by the number of shares that have been tendered,” said Steve Williams, Suncor’s president and chief executive officer. “We believe strongly in the value of the offer for COS shareholders, including a large premium to the pre-offer price, a 45% dividend increase and the benefit of owning shares in Suncor, Canada’s leading integrated energy company. We have decided to extend the offer in order to allow shareholders to continue to tender to the offer.”
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