Craigdope - "if COS was worth more"!
Craigdope stated "If it was worth more, another company would have ALREADY offered more"
Craigdope, please try to keep up.
Suncor approached COS in the spring with an offer that was at the time worth $11.84 a share.Kubik described that offer as "barely credible" and a "takeunder" rather than a takeover.
The current all-stock bid, which has been taken directly to COS shareholders, was worth $8.84 a share when it was made on Oct. 5.
https://www.calgarysun.com/2015/10/19/canadian-oil-sands-ltd-board-rejects-suncors-takeover-offer