Suncor Extends Canadian Oil Sands Bid as Investors BalkBy , , and
Less than two-thirds of shareholders tendered shares: sources
Suncor announces it will extend its offer by more than 2 weeks
Suncor Energy Inc. extended its C$4.03 billion ($2.84 billion) hostile bid for Canadian Oil Sands Ltd. for a second time Friday. Two sources familiar with the tender process said Suncor failed to win the two-thirds support it was seeking from shareholders.
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