Suncor Urges Canadian Oil Sands' Holders to Tender Shares

  • Company has considered range of alternatives, including sale
  • Suncor Energy's offer of C$4.3 billion expires on Jan. 8

Suncor Urges Canadian Oil Sands' Holders to Tender Shares

Suncor Energy Inc. urged Canadian Oil Sands Ltd. shareholders to tender their shares immediately in its C$4.3 billion ($3.1 billion) hostile bid after the Calgary oil company failed to find a more compelling bidder for the company.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.