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Suncor reaches friendly for Canadian Oil Sands

2016-01-19 07:21:51| Apparel - Topix.net

Raymond James lifted their price target on shares of Canadian Oil Sands from C$10.25 to C$10.50 and gave the stock a "market perform" rating in a research note on Friday, October 30th. But Cooper slammed COS for resisting the takeover for so long.

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Suncor hopes to raise bid for Canadian Oil Sands -WSJ

2016-01-18 06:17:32| Oil & Gas - Topix.net

Jan 17 Suncor Energy Inc is working to raise its all-stock offer for rival Canadian Oil Sands Ltd and a deal could be announced as early as Monday, the Wall Street Journal said, citing a source familiar with the situation. The two Canadian companies have been working on a revised bid since Friday, the Wall Street Journal said on Sunday, citing the source, who said talks were still ongoing.

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Canadian Oil Sands claims victory, calls for Suncor to disclose details to public

2016-01-11 14:12:19| Oil & Gas - Topix.net

Canadian Oil Sands Ltd. is calling on Suncor Energy Inc. to disclose details of how shareholders reacted to its $4.3-billion hostile takeover bid for COS before a Jan. 8 deadline was extended by nearly three weeks. The Calgary-based company claims it won a resounding victory last week, which ended with Suncor extending the deadline for its all-stock offer to Jan. 27 - but without changing what's on the table.

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Canadian Oil Sands repeats call to remain independent despite Suncor bid

2016-01-04 14:49:52| Oil & Gas - Topix.net

Canadian Oil Sands is continuing its efforts to fend off a hostile takeover by Suncor, telling shareholders again Monday that their interests will be "best served" in the long run if the company remains independent. The Calgary-based company noted that Suncor has given Canadian Oil Sands shareholders until Friday to accept its all-stock offer and advises them to hold onto their shares.

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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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