Suncor’s offer to COS shareholders is resulting in approximately 84.2 per cent of COS shares tendered to Suncor.
All COS shares that remain outstanding will be acquired for the same consideration offered in the Offer, namely .28 of a Suncor share per COS share.
COS announced this week that it has entered into an amalgamation agreement with Suncor.
After the acquisition is completed COS shares will be de-listed from the Toronto stock exchange.
Suncor announced an addition to its board of directors this week, as well.
Patricia M. Bedient has been named to the board effective immediately.