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Canadian Oil Sands urges shareholders to decline Suncor bid

Published 2016-01-04, 06:18 a/m
Canadian Oil Sands urges shareholders to decline Suncor bid
COS
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SU
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Jan 4 (Reuters) - Canadian Oil Sands Ltd COS.TO urged its
shareholders to let Suncor Energy Inc's SU.TO unsolicited bid
lapse, emphasizing that the company could remain independent.
Suncor, Canada's largest oil producer, is not expected to
extend its C$4.3 billion bid after it lapses on Friday.

Canadian Oil Sands said on Monday it has the financial
resources to weather the steep drop in oil prices.

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