RE:New holders are going to tender the shares to SUThe new COS shareholders maybe Seymour, Burgundy and myself included who are stocking in for long term.... Certainly, a significant number of new COS shareholders are Suncor buying COS shares in the open market thru their broker.. There will be undoubtedly be some new shareholders (who like you) want to gain arbitrage profit from takeover... But arbitrage gain only work if the takeover really happens and hostile takeover success rate is less than 50%