Canada Eyes Longer Review Period for Hostile Bids

摘要

While Suncor Energy continues its fight to acquire Canadian Oil Sands (COS), regulators in Canada plan to introduce new rules governing such hostile takeover bids in the first half of 2016. The matter is currently being considered by the Canadian Securities Administrators (CSA), a national agency made up of securities regulators from each of Canada's 10 provinces and its three territories.