Oct 7 (Reuters) - Canadian Oil Sands Ltd COS.TO :
* Board adopted new shareholder rights plan, effective immediately, in response
to Suncor Energy Inc offer to acquire co
* Suncor's recent offer is substantially less than the proposal rejected by the
board in April 2015"
* Sets trigger at 20 percent
* Board will consider suncor's unsolicited offer"
* New rights plan is in addition to, and does not replace, existing shareholder
rights plan, which will remain in place
* New rights plan also encourages a potential bidder to make a "permitted bid"
* Source text - http://bit.ly/1VEIHyl
* Further company coverage COS.TO