Soliciting dealers in proxyland
|Area||Corporate Finance and Securities|
Article originally published in the Canadian Lawyer Magazine, October 2017
Excerpt from "Soliciting dealers in proxyland":
This summer, the Alberta Securities Commission in Re PointNorth Capital Inc. was asked to exercise its public interest jurisdiction to terminate a “soliciting dealer arrangement” used in the Liquor Stores N.A. Ltd. proxy contest. The soliciting dealer arrangement in that case was implemented by Liquor Stores, a publicly traded issuer, in the context of a formal proxy fight initiated by PointNorth Capital Inc., a significant shareholder.