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The Ontario Securities Commission has published its reasons for cease trading the shareholder rights plan of Baffinland Iron Ore and has clarified its position on the use of a shareholder rights plan, or "poison pill," in the face of a hostile takeover bid
In November 2009, the Toronto Stock Exchange adopted a new rule requiring shareholder approval for the issuance of stock in connection with public company acquisitions if the issuance would result in more than 25 dilution to existing shareholders
