Article

Current Trends in Shareholder Activism in Canada

Author: I. Berl Nadler

Over the last two years, the Canadian market experienced two significant proxy battles driven by activist U.S. hedge funds. In 2012, Bill Ackman’s Pershing Square Capital Management initiated a proxy challenge that successfully replaced the CEO and changed the board composition of the historic Canadian Pacific Railway Limited; and in 2013, JANA Partners attempted to elect five of its nominees to the 12-person board of the Canadian potash giant, Agrium Inc. (Agrium).

This article was first published in the May 2014 edition of Financier Worldwide magazine.

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I. Berl Nadler
I. Berl Nadler

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416.863.5512 / 212.588.5512

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