The Deal's Corporate Governance 2019 Conference

Pick Your Poison: Exploring Hostile Bids, Activist Investor Rules, and White Squire Investments 

In 2016, regulators in Canada installed a new hostile bid regime, which significantly extended the minimum offer period for hostile bidders. Poison Pills adopted in the face of hostile bids are receiving more scrutiny. This panel will examine the regime, how it is working, and how it jives with Canada’s activist-friendly, special shareholder requisition rules. Panelists also explore factors regulators and courts consider when evaluating whether these investments are incumbent director entrenchment devices or justifiable strategic partnerships.