Wednesday, June 08, 2016

Powerhouse Suncor Finances At Discount

Suncor Energy Inc signs $2.5 billion bought deal, plans to boost Syncrude stake

In one of the year's largest equity financings, Calgary-based Suncor Energy Inc. has signed a $2.5-billion bought deal for the sale of 71.5 million shares at $35 a share, which represents a discount of $1.50, or 4.1 per cent, to Tuesday's closing price of $36.50. On the day the shares were up by 68 cents. Suncor,…