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Tag: Oil Sands

Energy, Industry Focus Areas

Suncor Raises Bid, Buys Rival Canadian Oil Sands

January 19, 2016

Via: Industry Week

MONTREAL – Canadian oil company Suncor (IW 1000/125) will buy rival Canadian Oil Sands for Can$6.6 billion (US$4.55 billion) in stocks, the two announced Monday, ending a three-month standoff. As part of the deal, Suncor agreed to raise its initial […]