Suncor steeped up its hostile Cdn$4.3bn bid for COS by asking the Alberta Securities Commission to strike down the target’s rights plan to prevent a takeover.
The company, Canada’s largest pipeline operator, reported a loss in the third quarter driven by both delays in completing its Line 9 project and one-time charges.
So far in 2015, the state of the global diamond industry has been closely aligned with the posture of the global economy, as it so often is, and should be.