Suncor completes acquisition of COS
Suncor Energy Inc., Calgary, has completed its acquisition of Canadian Oil Sands Ltd.
Suncor acquired an additional 15.8% of the outstanding shares of COS at a special meeting where shareholders approved an amalgamation agreement that brought the total to 100% of the issued and outstanding COS shares.
COS shares are expected to be delisted from the Toronto Stock Exchange following the close of business on Mar. 23.
Suncor made an unsolicited takeover offer for COS in October (OGJ Online, Oct. 6, 2015). The COS board accepted an amended offer in January.