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Canadian patent company Wi-Lan Inc. (WIN-T6.450.020.31%) on Wednesday extended the deadline for its $38 a share, or $480-million, hostile bid to acquire rival Mosaid Technologies Inc. (MSD-T37.760.100.27%) by two weeks to Oct. 14. Mosaid has said the offer, 20 per cent more than its trading price the day before Wi-Lan made its offer, undervalues the company. It has also said it was in talks with other potential suitors, but nothing concrete has come of that yet. Mosaid was up close to 1 per cent early Thursday while Wi-Lan was nearly 2 per cent higher.

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