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Goodmans Publications

OSC Cease Trades Thirdcoast Limited Shareholder Rights Plan

July-23-2012

Area Corporate Finance and Securities, Mergers and Acquisitions

Summary

On July 4, 2012, the Ontario Securities Commission (the “OSC”) issued a cease-trade order with respect to a shareholder rights plan (the “Shareholder Rights Plan”) put in place by Thirdcoast Limited (“Thirdcoast”) in response to an unsolicited takeover bid by its largest shareholder, Parrish & Heimbecker, Limited (“P&H”).

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