Canadian companies Suncor and Canadian Oil Sands Ltd. announced their merger was completed under the terms of a hostile offer launched last year. Both companies announced the end of the acquisition process that saw Suncor take in all of the shares in its rival. Suncor President and CEO Steve Williams said the final grab of 15.8 percent of the outstanding shares marked the final step of the deal. “We’re looking forward to working cooperatively with Syncrude to steadily improve asset performance, reduce costs and explore synergy opportunities,” he said in a statement. Canadian Oil Sands was among the largest owners in the Syncrude operation in northern Alberta. Production there stands at around 350,000 barrels of oil per day, enough to meet the […]