Suncor has 'no plans whatsoever' to sweeten hostile COS bid

Suncor Energy has reaffirmed that it will not sweeten its hostile offer for takeover target Canadian Oil Sands (COS) – just four days before the offer is scheduled to expire. Suncor CEO Steve Williams said in a conference call with the investment community on Tuesday that the company believed its C$4.3-billion all-scrip offer was “full and fair”, reiterating that Suncor had “no plans whatsoever” to increase the offer.