April 29, 2016
By: Charlie Malone & Ragu Anantharajah
On February 25, 2016, the Canadian Securities Administrators (the “CSA”) published Amendments to Take-Over Bid Regime (the “Amendments”). The Amendments were published by the CSA following several rounds of proposals - the last of which was made on March 31, 2015, and receipt by the CSA of multiple comment letters (the “Comments”) from stakeholders.
The Amendments are aimed at enhancing the quality and integrity of Canada’s take-over bid regime and finding a balance in the protection of the interests of offerors, target boards and shareholders of a target. The Amendments attempt to achieve...
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