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Stock Market & Financial Investment News

News Breaks
July 31, 2014
05:31 EDTSUSuncor raises quarterly dividend to 28c per share from 23c per share
Suncor Energy's board has approved an increase in the company's quarterly dividend to 28c per share on its common shares, from the previous level of 23c per share. The dividend is payable September 25, to shareholders of record at the close of business on September 4.
News For SU From The Last 14 Days
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February 12, 2016
09:24 EDTSUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Groupon (GRPN), down 19.6%... USA Technologies (USAT), up 7.1%... Wynn Resorts (WYNN), up 3.9%. ALSO HIGHER: Square (SQ), up 15.8% after Visa (V) disclosed 9.99% stake in the company... Suncor Energy (SU), up 4.5% after being upgraded to Buy from Neutral at Citi... JPMorgan (JPM), up 4.9% after CEO Jamie Dimon buys 500,000 shares of common stock... Sunedison (SUNE), up 4.4% after the Wall Street Journal reported that a judge issued a temporary restraining order barring SunEdison and affiliate Terraform Power (TERP) from unusual asset moves. DOWN AFTER EARNINGS: Cyberark (CYBR), down 11.5%... Select Comfort (SCSS), down 17.7%... Zillow (Z), down 4.9%... Qlik Technologies (QLIK), down 7.5%... Activision Blizzard (ATVI), down 6.1%.
07:09 EDTSUSuncor upgraded to Buy from Neutral at Citi
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February 8, 2016
19:49 EDTSUCanadian Oil Sands replaces CEO after Suncor wins over shareholders
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February 7, 2016
14:40 EDTSUSuncor says COS holders tender 73% of shares, extends offer to February 22
Suncor (SU) announced Friday that approximately 72.9% of Canadian Oil Sands (COSWF) shares, equating to roughly 353.3M common shares, and accompanying rights have been tendered to Suncor's offer. All shares tendered were held by independent shareholders as such term is defined by Canadian Oil's shareholder rights plan. Suncor has extended its offer to February 22. Further extensions are not anticipated, the company noted. Based on the closing trading price of Suncor's common shares on the Toronto Stock Exchange on February 5, the offer represents an implied acquisition price of C$8.93 per share. Suncor will complete a subsequent acquisition transaction to acquire the remaining shares. All shares that remain outstanding will be acquired at the same price of 0.28 of a common share of Suncor. Suncor intends for the offer and the subsequent acquisition transaction to be treated as a reorganization for U.S. federal income tax purposes. If the offer is so treated, a U.S. resident Canadian Oil shareholder generally will not recognize gain or loss for U.S. federal income tax purposes on the exchange. Reference Link
February 4, 2016
14:29 EDTSUSuncor CEO sees being able to protect dividend
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February 3, 2016
20:07 EDTSUSuncor, Canadian Oil Sands reach agreement for COS board support
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20:04 EDTSUSuncor reports Q4 operating EPS (2c), consensus 13c
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14:48 EDTSUNotable companies reporting after market close
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05:08 EDTSUSuncor reminds Canadian Oil Sands holders to tender shares by Feb. 5 deadline
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