Mr Philippe Tardif

Philippe Tardif


Corporate Finance/M&A

105-day takeover bids – what impact on takeover defences?
Canada | 09 March 2016

The Canadian Securities Administrators recently published a harmonised takeover bid regime for non-exempt takeover bids and amendments to early warning reporting requirements. The new takeover bid regime is substantially the same as the original 2015 proposal except that the minimum deposit period has been set at 105 days (as opposed to the current 35 days and the 120 days in the 2015 proposal).

New Approval Requirements for Acquisitions Involving Share Exchanges
Canada | 21 October 2009

The Toronto Stock Exchange recently announced that it will amend its rules to eliminate an important exemption from its security holder approval requirements that are generally applicable to acquisitions involving the issuance by a listed issuer of securities from treasury.