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Suncor Energy closes deal to acquire 84.21% of Canadian Oil Sands

Suncor Energy Inc. on Feb. 22 completed its deal to acquire 84.21% of Canadian Oil Sands Ltd. for a transaction value of C$5.97 billion.

The company offered C$9.20 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

CIBC World Markets Inc. and J.P. Morgan Securities LLC were the financial advisers for Suncor Energy, and Blake Cassels & Graydon LLP and Sullivan & Cromwell LLP were the legal advisers.

RBC Capital Markets LLC and Royal Bank of Canada were the financial advisers for Canadian Oil Sands , while Norton Rose Fulbright Canada LLP and Osler Hoskin & Harcourt LLP were the legal advisers.