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Suncor extends, but doesn't sweeten, hostile takeover bid for Canadian Oil Sands

2015-12-04 02:46:58| Oil & Gas - Topix.net

Oilsands giant Suncor Energy has extended its hostile takeover bid for its smaller peer Canadian Oil Sands until Jan. 8, but it hasn't sweetened the offer. The all-stock bid - worth nearly $4.5-billion based on Thursday's closing share price - was to have expired Friday.

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