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Suncor Energy shareholders approve merger with Petro-Canada |
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Written by REM
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Calgary, AB – Suncor Energy Inc. held its annual general and special meeting of shareholders in Calgary earlier this month. The meeting was attended by approximately 250 in person, with an additional 500 joining via webcast. A total of approximately 693,627,598 shares were represented in person or by proxy. During the meeting, shareholders approved the merger with Petro-Canada.
“This is a great vote of confidence from our shareholders,” said Rick George, president and chief executive officer of Suncor. “Creating a made-in-Canada company that can compete on a global scale is good for shareholders and good for Canada. We anticipate that our two companies will be able to realize efficiencies and opportunities neither of us could have realized on our own. With an integrated business model we expect to have a global leadership position in the oil sands industry, a strong Canadian downstream brand, an attractive portfolio of domestic and international oil and natural gas assets, and numerous growth opportunities through the combined inventory of Suncor and Petro-Canada's potential development projects.”
The text of remarks by Rick George, Suncor president and chief executive officer and, Ken Alley, senior vice president and chief financial officer, is available in the newsroom section of www.suncor.com. An archive of the video webcast of the meeting is available at www.suncor.com/webcasts.
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