TORONTO (Reuters) - Canadian Oil Sands Ltd’s (>> Canadian Oil Sands Ltd) board has evaluated the hostile takeover bid from rival Suncor Energy (>> Suncor Energy Inc.) and is poised to reject the offer as too low on Monday, according to a source familiar with the matter.

Earlier this month, Suncor offered to buy Canadian Oil Sands for $4.3 billion. Canadian Oil Sands owns a large stake in Canada's largest synthetic crude project, Syncrude, in northern Alberta.

(Reporting by John Tilak; Editing by David Gregorio)

Stocks treated in this article : Canadian Oil Sands Ltd, Suncor Energy Inc.