Things might get a little frosty at Calgary's Petroleum Club if the maitre d' sits the head honchos of Suncor Energy and Canadian Oil Sands (COS) within spitting distance of each other, as Suncor continues its hostile - and protracted - bid to swallow up its smaller peer. Despite COS Chairman Don Lowry's insistence that no means no, Suncor Chief Executive Steve Williams seems to be having a tough time giving up after his latest offer to acquire COS in an all-share swap worth C$4.3 billion (US$3 billion) was rebuffed by the majority of COS shareholders last week.
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