Wi-LAN extends hostile takeover bid for Mosaid - The Globe and Mail

Patent licensing firm Wi-LAN Inc. (WIN-T6.16-0.18-2.84%) extended its $480-million hostile takeover offer for Mosaid Technologies Inc. (MSD-T40.24-0.22-0.54%) on Thursday until Nov. 1. The extension of the bid, which had been set to expire on Friday, came a day after the Ontario Securities Commission ruled that it would allow Mosaid the protection of a shareholder rights plan until Nov. 1.