Canadian Oil Sands holds the largest stake in the Syncrude oil-sands mining consortium. The interest by other parties may slow Suncor’s momentum ahead of a Dec. 4 deadline it has set for a response to its all-stock bid —currently worth about 4.47 billion Canadian dollars ($3.36 billion)—for Canadian Oil Sands, the largest owner of the Syncrude oil-sands mining consortium. Canadian Oil Sands last month rejected Suncor’s bid as too low and asked securities authorities in its home province of Alberta to uphold a “poison pill” provision enacted after Suncor made its bid that gives shareholders at least 120 days to consider a takeover offer. Suncor has cited a lack of competing offers as one reason why Canadian Oil Sands shareholders should accept its bid, which is 0.25 of a share for each Canadian Oil Sands share. The Alberta Securities Commission has scheduled two days of hearings starting Thursday to […]