Canadian Oil Sands declares independence

January 4, 2016 1:14 PM

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Canadian Oil Sands declares independence

Bid by rival Suncor set to expire by the end of the week.

CALGARY, Alberta, Jan. 4 (UPI) -- In a declaration of independence, Canadian Oil Sands Ltd. urged shareholders to reject a hostile bid from rival Suncor before the offer expires on Friday.

Also read: Oil Jumps After OPEC Agrees to First Production Cut Since 2008

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