Tag Archives: Poison pills

If pills are out, are private placements in?

Canada’s new takeover bid regime got its first serious test with Hecla Mining’s hostile move on Dolly Varden Silver. The regulators’ ruling answered important questions about the limits of a target’s defence
By Poonam Puri
With Patricia Olasker
December 17th, 2016

Consider this: a cash-strapped junior resource company listed on the TSX Venture Exchange is looking for ways to continue its exploration program for the coming year. With only $200,000 in its bank account, a $2-million loan from a significant shareholder … Continue reading

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M&A rules get an overhaul

The Canadian Securities Administrators, with unanimous provincial support, is proposing new rules on takeover bids. Target boards and shareholders will get more leverage, bidders will need to rethink strategy
By John Greenwood
October 30th, 2014

Big changes often start imperceptibly until suddenly they become fact, part of the landscape. That’s a good description for the Canadian Securities Administrators’ recently proposed changes to regulations on takeover bids and shareholder rights plans which, assuming they’re adopted, will … Continue reading

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Poison pills get a boost

Proposed shareholder rights rules will help target companies fend off hostile bids
By Paul Brent
April 12th, 2013

Two new, competing proposals from Canadian regulators on poison pills promise to create new guidelines that are more predictable for target companies and tougher on hostile bidders who have made Canada a corporate hunting ground in recent years. The first … Continue reading

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