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Canadian Oil Sands rejects Suncor takeover, adopts poison pill - CBC.ca
CBC.ca | Canadian Oil Sands rejects Suncor takeover, adopts poison pill CBC.ca Canadian Oil Sands Ltd. has rejected Suncor Ltd.'s $4.3-billion takeover offer, and says it needs more time to consider any similar offers. The oilsands company announced a "shareholder rights plan" on Wednesday that is "designed to ensure that [its] ... Canadian Oil Sands responds to hostile Suncor bid with poison pill defence Canadian Oil Sands Adopts Poison Pill in Wake of Hostile Suncor Bid Canadian Oil Sands rejects Suncor bid, says more time needed to evaluate offer |
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