Canadian Oil Sands declares win in takeover spat

December 1, 2015 11:51 AM

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Suncor offered $3.2 billion for Canadian Oil Sands in October.

CALGARY, Alberta, Dec. 1 (UPI) -- An Alberta regulator struck a "major blow" to rival Suncor in its hostile takeover bid by confirming shareholder rights, Canadian Oil Sands Ltd. said.

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