CSA Issues Staff Notice Regarding Varying the Terms of Take-Over Bids
Securities and Mergers & Acquisitions Bulletin
January 2010
The Canadian Securities Administrators has recently issued CSA Staff Notice 62-305 – Varying the Terms of Take-Over Bids. The Notice was issued in response to concerns expressed by certain market participants regarding the ability of an offeror to, at its sole discretion, during the course of a formal take-over bid, negatively vary the terms of the bid. For more information on this notice, please see this latest bulletin from the Securities and Mergers & Acquisitions Group.
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