RE:RE:RE:The traders will take advantage of NR by BoD of COSin the Calgary Herald,
In a brief news release, COS urged shareholders not to make any decisions until it has time to issue an official reaction to the Suncor offer.
But Seymour Schulich, a Canadian billionaire who owns 25 million shares, or five per cent, of Canadian Oil Sands, said he will vote “no” because the company is worth $20 per share.
“It’s not a low-ball offer, it’s a no-ball offer,” he told the Financial Post. “I ain’t selling at that price.”