Brooke Hales Osler, Hoskin & Harcourt LLP
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New TSX rule mandating buy-side shareholder vote in dilutive public company acquisitions takes effect today *
Canada - November 24 2009
Effective today, companies listed on the Toronto Stock Exchange (TSX) will be required to obtain buy-side shareholder approval for public company acquisitions that would result in the issuance of more than 25% of the issued and outstanding shares of an acquiring company on a non-diluted basis.
Co-authors: Emmanuel Pressman, Douglas Bryce.
Co-authors of Brooke Hales
Other Osler, Hoskin & Harcourt LLP authors
- Peter Franklyn,
- Alexander Gorka,
- Edward A. Sellers,
- Hugo-Pierre Gagnon,
- Jeremy Fraiberg,
- Justin Dharamdial,
- Kevin O’Brien,
- Larry Lowenstein,
- Laura Fric,
- Matthew Anderson,
- Matthew Oliver,
- Michelle Lally,
- Peter Glossop,
- Rob Lando,
- Robert M. Yalden,
- Sandeep J. Joshi,
- Shahir Guindi,
- Shuli Rodal,
- Tara Kyluik,
- Tris Mallett