Market Impact: While shares of Suncor may be weaker today on this all share acquisition offer, we view the offer as a very positive move for Suncor, given the potentially massive synergies should Suncor and Syncrude work together to more fully integrate the operations and resource development between these two assets. We do not expect Imperial Oil to make a competing offer for COS, as we believe that Suncor has the synergy incentives to outbid Imperial Oil, and we believe that Imperial likely un ....
05 Oct 2015
MAKES UNSOLICITED OFFER FOR CANADIAN OIL SANDS
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MAKES UNSOLICITED OFFER FOR CANADIAN OIL SANDS
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
05 Oct 2015 -
Author:
Michael P. Dunn -
Pages:
3
Market Impact: While shares of Suncor may be weaker today on this all share acquisition offer, we view the offer as a very positive move for Suncor, given the potentially massive synergies should Suncor and Syncrude work together to more fully integrate the operations and resource development between these two assets. We do not expect Imperial Oil to make a competing offer for COS, as we believe that Suncor has the synergy incentives to outbid Imperial Oil, and we believe that Imperial likely un ....