Canada:
Courts, Not Regulators, Should Scrutinize Poison Pills: Waitzer
13 September 2011
Stikeman Elliott LLP
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As we discussed last month, our very own
Sean Vanderpol and
Ed Waitzer recently published an
article in the Osgoode Hall Law Journal that questioned the
emphasis on the primacy of shareholder choice in the case of
Canadian take-over transactions. In today's Globe and
Mail, Mr. Waitzer expounds on the argument that
securities regulators should no longer scrutinize the actions of
companies fending off hostile takeovers and, rather, leave the
issue to the courts.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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