The path forward: poison pills in Canada after Pulse Data, Neo and Lions Gate *

Canada - September 30 2010
Recent decisions of the Alberta, Ontario and British Columbia securities commissions on applications to set aside shareholder rights plans or "poison pills" adopted in response to a hostile take-over bid have called into question whether Canadian securities regulators now hold a consistent view as to when it will be appropriate for a commission to intervene to remove a shareholder rights plan as an obstacle to individual shareholders deciding for themselves whether to tender their shares to the bid.

Co-authors: Allan Coleman.