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TSX publishes rule to implement 25 dilution threshold for public company acquisitions

  • Fasken Martineau DuMoulin LLP
  • -
  • Canada
  • -
  • October 2 2009

In a departure from its previously proposed position on the subject, on September 25, 2009 the TSX announced that shareholder approval will be required in connection with public company acquisitions at a dilution threshold of 25 rather than 50 as was originally proposed