SU » Topics » Recommendations of the Petro-Canada Board

This excerpt taken from the SU 6-K filed May 1, 2009.

Recommendations of the Petro-Canada Board

        After considering, among other things, the Petro-Canada Fairness Opinions, the Petro-Canada Board concluded that the Arrangement is in the best interests of Petro-Canada and is fair to Petro-Canada Shareholders and authorized the entry by Petro-Canada into the Arrangement Agreement and all related agreements. The Petro-Canada Board recommends that the Petro-Canada Shareholders vote in favour of the Petro-Canada Arrangement Resolution.

        In reaching its conclusions and formulating its recommendations, the Petro-Canada Board considered a number of factors, including the Petro-Canada Fairness Opinions, the expected benefits of the Arrangement and the risks associated with completing the Arrangement.

        The discussion of the information and factors considered and given weight by the Petro-Canada Board is not intended to be exhaustive. In reaching the determination to approve and recommend the Petro-Canada Arrangement Resolution, the Petro-Canada Board did not assign any relative or specific weight to the factors that were considered, and individual directors may have given a different weight to each factor.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki