Canada has an active and vibrant mergers and acquisitions market. Underpinning this robust area are the well-established and relatively straightforward legal processes and procedures governing mergers and acquisitions transactions. At the same time, the law continues to develop and evolve as it relates to directors' duties and responsibilities, so that hostile acquisitions and responses to shareholder activism can be met with creative strategies and structures.
BLG is pleased to share our new resource, Mergers & Acquisitions in Canada authored by Paul Mingay and Jason Saltzman. This guide outlines at a high level, the principal legal considerations pertaining to public company mergers and acquisitions in Canada based on the law as it stands as of July 2017, approximately one year after significant changes were made to take-over rules in Canada. These rules were designed, among other reasons, to give directors of target boards more time, if needed, to respond to a hostile take-over bid.
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.