HOSTILE OFFER
Suncor Energy has reaffirmed that it will 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 said in a conference call with the investment community on Tuesday that the company believed its C$4.3-billion all-scrip offer was “full and fair”, reiterating that Suncor had “no plans whatsoever” to increase the offer.
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