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Jonathan Feldman quoted in "Prescribing an Imperial Shot of Poison to Canadian Activism", Forbes

August-15-2017

Lawyer Jonathan Feldman
Area Shareholder Rights and Activism

Details

Excerpt from "Prescribing an Imperial Shot of Poison to Canadian Activism", by Christopher P. Skroupa:

Jonathan Feldman: Canada has always been different than the US when it comes to the role of poison pills. The “just say no defense” used in the US in the face of a hostile takeover has never been available in Canada. In Canada, poison pills could be adopted by boards in the face of a hostile bid, however, their purpose traditionally was to give the board more time to react to the bid – which only had to be open for 35 days – and find a “better bidder.” It was never intended to permanently thwart a bid. The general mantra was, “there is a time that a pill must go.”

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