Thursday, January 30, 2025

UPDATE: Canadian Oil Sands Board Rejects Suncor’s $5 Billion Hostile Takeover Attempt

COS Counters SU Offer by Adopting Shareholder Rights Plan The board of Canadian Oil Sands (ticker: COS) turned down a $5 billion offer from Suncor (ticker: SU) two days after its initial proposal, offering a shareholder rights program and providing additional insight into negotiations between the two oil sands companies. The shareholder program is being referred to as a “poison