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Hostile Bid for Canadian Oil Sands Foreshadows Tactics Under Proposed Takeover Bid Regime


Area Corporate Finance and Securities


In the spring of 2015, Canadian Oil Sands Limited (COS) was approached by Suncor Energy Inc. (“Suncor”) with an expression of interest in a transaction. COS rejected Suncor’s initial advance. In early October of 2015, Suncor announced that it was making an unsolicited takeover bid for all of COS’s common shares.

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