Suncor announced after market close on Thursday that it has extended its bid for COS to January 8th, 2016, which would qualify it as a permitted bid under COS' new Shareholder Rights Plan ("SRP"). Recall the ASC ruled the SRP can stipulate a bid be valid for 90 days, but not the 120 days as COS had changed the SRP to after Suncor made its bid.
04 Dec 2015
EXTENDS COS BID TO JANUARY 8TH, 2016
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EXTENDS COS BID TO JANUARY 8TH, 2016
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
04 Dec 2015 -
Author:
Michael P. Dunn -
Pages:
2
Suncor announced after market close on Thursday that it has extended its bid for COS to January 8th, 2016, which would qualify it as a permitted bid under COS' new Shareholder Rights Plan ("SRP"). Recall the ASC ruled the SRP can stipulate a bid be valid for 90 days, but not the 120 days as COS had changed the SRP to after Suncor made its bid.