Suncor ‘encouraged’ by amount of COS shares tendered, extends hostile bid

January 11, 2016

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Canadian oil sands miner Suncor Energy has late on Friday afternoon extended its hostile takeover bid for Canadian Oil Sands (COS) until January 27, citing encouraging COS shareholder interest in the acrimonious proposition.
“We are encouraged by the number of shares that have been tendered,” stated Suncor president and CEO Steve Williams on Monday morning.