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Alberta regulator to hear arguments in Suncor's hostile takeover bid of COS

2015-11-26 12:20:29| Oil & Gas - Topix.net

The Alberta Securities Commission will hear arguments today into whether Canadian Oil Sands should be allowed to keep its defence against hostile takeovers. Suncor Energy took a $4.5-billion all-stock offer directly to shareholders on Oct. 5 after attempts at inking a friendly deal were rebuffed by COS leadership in the spring.

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