09:51 AM EST - Synenco Energy Inc. : French energy giant Total SA has increased its bid for oilsands operator Synenco Energy Inc. to $10.25 cash per share, an offer that values the company at about $530.5 million. Total's previous offer of $9 per share for Synenco, which holds a 60 percent stake in the Northern Lights oilsands project, had been extended to July 15, then again to July 28 after it failed to obtain the required two-thirds of shares to complete the transaction. The new bid has again been extended to Aug. 5. Synenco Energy Inc.
shares T.SYN are trading up $1.25 at $10.21.
