Canada’s largest shareholder coalition is disappointed with new corporate takeover rules unveiled Thursday that will require hostile bidders to keep their offers open for 105 days, giving companies far more time to respond to unwanted bids than the current 35-day waiting period.
Regulators originally proposed a new 120-day minimum bid period in Canada, which faced criticism from some groups as too lengthy a waiting period for bidders trying to conclude a takeover.
JANET MCFARLAND – Globe and Mail – February 25, 2016.
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