Private Equity International mentions Fasken Martineau’s 2015 Canadian Hostile Takeover Bid Study in an article about the reforms proposed by the Canadian Securities Administrators. The article discusses Canada’s tinkering of its takeover regime and that it can go either one of two ways and it will be up to stakeholders to determine which direction is taken.
The 2015 Canadian Hostile Take-Over Bid Study is co-authored by M&A partners Aaron Atkinson and Bradley Freelan.
Hostile bidders, who tend to be strategists, fare especially worse when rival bidders show up to the party. That’s why a short bid period is so sweet for those to arrive at the scene: under that 35-day timeframe, only about one in four first-mover bids in Canada is met with a rival bid, according to Fasken Martineau estimates.