"27 Goodmans partners among the leading Canadian lawyers." - Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
Goodmans Publications

Financing conditions in Canadian takeover bids

June-7-2001

Area Corporate Finance and Securities

Summary


In contrast to many other jurisdictions, Canadian securities legislation requires a bidder to have made “adequate arrangements” before launching a take-over bid “to ensure the required funds are available to effect payment” for the securities subject to the bid. There has been considerable debate, and little learning, as to what are “adequate arrangements”.

Download PDF