TORONTO, Jan 8 (Reuters) - Suncor Energy Inc SU.TO said on
Friday it has extended its hostile bid for Canadian Oil Sands
Ltd COS.TO until Jan. 27.
Suncor bid for Canadian Oil Sands in October and later
extended the offer until Jan. 8, promising shareholders improved
operating efficiencies and a dividend boost.
In response, Canadian Oil Sands has mounted a spirited
defence of its independence, adopting a new shareholder rights
plan known as a poison pill and urging investors to reject the
"substantially undervalued" Suncor bid.