Market Impact: Positive. Suncor's offer to purchase Canadian Oil Sands represents a 43% premium using Friday's closing prices while COS shareholders would realize a 45% increase in their dividends. We believe COS shareholders should tender their shares, as the transaction offers an exit for shareholders who have been nervous about low oil prices and COS' ability to withstand lower oil prices, but want a higher sale price on their shares, while on the other hand, an exchange into Suncor shares re ....
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SUNCOR OFFERS TO PURCHASE COS
- Published:
05 Oct 2015 -
Author:
Michael P. Dunn -
Pages:
3
Market Impact: Positive. Suncor's offer to purchase Canadian Oil Sands represents a 43% premium using Friday's closing prices while COS shareholders would realize a 45% increase in their dividends. We believe COS shareholders should tender their shares, as the transaction offers an exit for shareholders who have been nervous about low oil prices and COS' ability to withstand lower oil prices, but want a higher sale price on their shares, while on the other hand, an exchange into Suncor shares re ....