Suncor Energy has reaffirmed that it would not sweeten its hostile offer for takeover target Canadian Oil Sands (COS), just four days before the offer is scheduled to expire.
Suncor CEO Steve Williams on Tuesday said in a conference call with the investment community that the company believed its C$4.3-billion all-scrip offer was “full and fair,” affirming that Suncor had “no plans whatsoever” to increase the offer.