Deals
Canadian Oil Sands Says It Has Had No Other Offers Than Suncor's
- Suncor's C$4.3 billion deemed inadequate by board Monday
- CEO says international, domestic players would have interest
Canadian Oil Sands Calls Suncor Bid Opportunistic
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Canadian Oil Sands Ltd. says it hasn’t been approached with any other takeover offers after rejecting Suncor Energy Inc.’s C$4.3 billion ($3.3 billion) hostile bid, though it’s exploring alternatives.
Chief Executive Officer Ryan Kubik said there are plenty of parties who might be interested in taking over, partnering or merging with his Calgary-based firm. To date though, Suncor’s offer is the only one on the table, he said.