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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
On September 25, 2009, the Toronto Stock Exchange (TSX) announced a significant change to its company manual governing TSX-listed companies with important consequences for mergers and acquisitions practice in Canada
The Toronto Stock Exchange (TSX) has proposed amendments to its rules that would require a listed company to obtain shareholder approval when issuing more than 50 of its shares (on a non-diluted basis) in connection with the acquisition of a public company
