Jan. 26, 2024 - Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another...
In the News
The stage seems set for regulators to get out of ruling on shareholder rights plans – Financial Post, National Post
Davies partner Richard Fridman is quoted in a Financial Post article that examines proposed changes to the workings of takeover bids. Fridman notes that the Canadian Securities Administrators’ proposed 120-day takeover period represents “a change in the paradigm by Canadian standards.”
Related
Dec. 15, 2023 - In a positive development since our earlier bulletin, the U.S. House and Senate have decided to retain the exemptions from obligations imposed under section 16 of the Securities Exchange Act of 1934 that are relied upon by insiders of dual-listed Canadian public companies and other...
