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professionals our trades & operators engineers business professionals trades & operators unions certification trades & operator faq students & new grads new grads co op students campus recruitment students & new grads faq locations firebag fort hills fort mcmurray beware false recruiting offers contacts email alerts contractors social media fran ais home newsroom news releases news releases suncor energy completes acquisition of canadian oil sands calgary alberta marketwired march 21 2016 suncor and canadian oil sands limited cos announced today that suncor s acquisition of cos has been completed following shareholder approval of an amalgamation agreement at a special meeting of cos shareholders this morning . suncor through a wholly owned subsidiary acquired 76 752 122 cos shares representing approximately 15.8 per cent of the outstanding cos shares and now owns 484 614 325 cos shares representing 100 per cent of the issued and outstanding cos shares . today marks the final step required to complete the cos acquisition said steve williams suncor president and chief executive officer . we re looking forward to working cooperatively with syncrude to steadily improve asset performance reduce costs and explore synergy opportunities . cos shareholders whose cos shares were acquired today through the amalgamation will receive 0.28 of a suncor common share for each cos share held subject to rounding for fractional shares . they will be paid in accordance with the terms of the amalgamation as described more fully in the cos management proxy circular and related meeting materials mailed to cos shareholders in advance of the meeting and which are available on sedar under cos profile at www.sedar.com . based on today s closing trading price of suncor s common shares on the toronto stock exchange the acquisition of shares today represents an implied acquisition price of 10.17 per cos share . the cos shares are expected to be de listed from the toronto stock exchange effective immediately following the close of trading on march 23 2016 . cos has also submitted an application with the alberta securities commission as principal regulator and with the securities regulatory authorities in each of the other provinces in canada to cease to be a reporting issuer under the applicable securities laws of each such province as soon as practicable . suncor energy is canada s leading integrated energy company . suncor s operations include oil sands development and upgrading conventional and offshore oil and gas production petroleum refining and product marketing under the petro canada brand . a member of dow jones sustainability indexes ftse4good and cdp suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio . suncor is listed on the un global compact 100 stock index and the corporate knights global 100 . suncor s common shares symbol su are listed on the toronto and new york stock exchanges . suncor s address is 150 6th avenue sw calgary alberta t2p 3e3 . for more information about suncor visit our web site at suncor.com follow us on twitter suncorenergy or come and see what yes can do . 30 for more information please contact media inquiries 403 296 4000 media suncor.cominvestor inquiries 800 558 9071 invest suncor.com stay up to date with suncor news with the click of a button . subscribe to email alerts related links see how we support canadian athletes presentations webcasts & key dates suncor energy youtube channel contact us learn about our social media channels suncor energy foundation oil sands question and response osqar blog canada s ecofiscal commission contactsemail alertscontractorssocial mediasitemap fran ais connect with suncor blogs suncor shares and encourages the exchange of information to support constructive dialogue . check out our blogs and interact with us and other readers oil sands question and response osqar pumptalk sharing ideas on gas prices and fuel 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