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Soliciting dealers in proxyland

October-1-2017

Lawyer Neill May
Area Corporate Finance and Securities

Summary

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.

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