Key takeaways: expect to see an increased use of hard lock-ups (that is, lock-ups in which a shareholder agrees to tender shares even if a superior bid comes along), which will provide bidders with reduced risk during the new 105-day bid period
March 29, 2018
In 2017, Canadian legislators, regulators, and stock exchanges have implemented—or taken steps toward implementing—new rules and guidance in a number of areas relating to public company governance.
December 20, 2017
The years after the financial crisis have seen a renewed focus on long-term value creation among investors, regulators, and—as a result—management teams.
April 19, 2017
On September 28, 2016, Canada’s federal government introduced a bill proposing amendments (the Amendments) to the Canada Business Corporations Act (the CBCA), among other acts.
October 06, 2016
Non-standard accounting practices have been gaining in popularity among Canadian publicly traded companies. Issuers that rely solely on standard accounting metrics now make up a small minority of the companies listed in the S&P 500 and S&P/TSX 60.
September 29, 2016
The CSA published the long-awaited amendments to Canada’s take-over bid regime under Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids.
February 29, 2016
The Canadian Securities Administrators (CSA) have published significant amendments to the Canadian take-over bid regime (the Amendments).
February 25, 2016
Welcome to Financial Institutions: The changing perspective, the seventh in our series of surveys tracking market sentiment in relation to the global financial cr...
October 20, 2011