Publication
Navigating the IPO
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
Global | Publication | February 2016
The Canadian Securities Administrators (CSA) have published significant amendments to the Canadian take-over bid regime (the Amendments). The Amendments are an initiative of all CSA members and are intended to strike a fair balance between the interests of bidders, target boards of directors and security holders of target companies. The Amendments will come into force on May 9, 2016; however, legislative amendments in Ontario are necessary.
While the Amendments do not recognize a target board’s right to “just say no” to and block a hostile bid, they will provide boards of directors of target companies with additional time to respond to such bids and shareholders with the ability to make “voluntary, informed and coordinated” decisions as to whether to tender their securities to the bid.
The key provisions of the Amendments to the Canadian take-over bid regime will, upon coming into effect, require that:
We are preparing a more detailed analysis of these amendments – another update will follow.
Publication
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Publication
On 3 July 2025 the UK Takeover Panel (Panel) published PCP 2025/1: Dual class share structures, IPOs and share buybacks (Consultation) setting out a proposed framework for the application of the UK Takeover Code (Code) to companies with dual class share structures (DCSS companies).
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