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Canadian Oil Sands tells shareholders to reject Suncor bid as deadline looms

2015-12-29 18:27:39| Oil & Gas - Topix.net

Canadian Oil Sands is again urging its shareholders to reject a takeover bid by Suncor Energy, which has set Jan. 8 as the deadline for investors. The company sent a letter to its shareholders Tuesday in the latest back-and-forth between the two Calgary-based firms, saying it can weather prolonged low oil prices on its own and thrive once crude recovers.

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