Suncor raises bid for Canadian Oil Sands, gets $6.6-billion deal
Under the revised terms of the offer, shareholders in the latter were set to receive 0.28 shares in Suncor in exchange for each one held in COS, up from 0.25 shares beforehand, valuing the company at CAD$6.6bn (£13.66bn) once its debt load of CAD$2.4bn was accounted for.
Posted On Jan 18 2016