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| Title: Suncor's Petro-Canada buy good for value-investor |
|
) agreement to buy Petro-Canada PCA.TO should be good
for shareholder value, a major shareholder in both companies
said on Monday.
Dom Grestoni, managing partner at IG Investment Management, said the deal would create a "new integrated national champion". He declined to comment on the price Suncor is offering for its smaller rival but said the value of the deal, which will see Petro-Canada shareholders receive 1.28 of a Suncor share, depends on how Suncor's shares react. IG holds about 6 million Petro-Canada shares and 11 million Suncor shares. (Reporting by Scott Haggett; Editing by Jeffrey Hodgson) Full article |
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| Suncor's Petro-Canada buy good for value-investor |
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