Current COS:CA Stock Info

COS Counters SU Offer by Adopting Shareholder Rights Plan
The board of Canadian Oil Sands (ticker: COS) turned down a $5 billion offer from Suncor (ticker: SU) two days after its initial proposal, offering a shareholder rights program and providing additional insight into negotiations between the two oil sands companies.

The shareholder program is being referred to as a “poison pill” by the investment community, and is a course of action designed to make the hostile takeover more difficult for Suncor. As part of the program, existing share...

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