Canadian Oil Sands set to reject Suncor takeover bid -source

October 5, 2015 6:57 PM

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TORONTO Oct 5 Canadian Oil Sands is set to reject a hostile takeover bid from rival Suncor Energy , according to a source who is familiar with the situation.

The source, who is not authorized to publicly discuss the matter, said that the company is also unlikely to engage with Suncor on the basis of the current proposal.

Also read: Johnson & Johnson raising takeover offer for Actelionl: source

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