19 Jan 2016

Suncor Increases Bid for COS

- Michael P. Dunn
- 4 pages

We are changing our COS ranking to Tender, with our new COS target price of $10.65/share based on a SU/COS exchange ratio of 0.28x from Suncor’s bid and our Suncor target price of $38.00/share. On a risk adjusted basis, we believe Suncor’s amended offer is fair to COS shareholders.

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Suncor Increases Bid for COS

Suncor Energy Inc. (SU:TSE), 0

Published: 19 Jan 2016
Author: Michael P. Dunn
Pages: 4

We are changing our COS ranking to Tender, with our new COS target price of $10.65/share based on a SU/COS exchange ratio of 0.28x from Suncor’s bid and our Suncor target price of $38.00/share. On a risk adjusted basis, we believe Suncor’s amended offer is fair to COS shareholders.