Canadian Oil Sands Limited
|Address||2000 First Canadian Centre, 350-7th Avenue SW, Calgary, AB, T2P 3N9, CA|
The board of Canadian Oil Sands, which has been targeted by a hostile takeover attempt by Suncor, has advised its shareholders to continue taking no action in regards to the bid after its expiry date was extended from December 4 to January 8, 2016.
Canadian Oil Sands Ltd. announced in a Director's Circular issued Monday, October 19 that its board has recommended shareholders reject an offer by Suncor Energy Inc. to acquire all of COS' common shares.
Early on August 29, a process fire occurred in the interconnecting piping between the hydrotreating units and environmental units at Syncrude's Mildred Lake upgrader. Emergency personnel quickly responded to the incident and safely extinguished the fire. No injuries were associated with the event and there was no environmental impact.