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Media Coverage

Canadian Lawyer quotes Brad Freelan in an article on shareholder activism

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“Shareholder activism” by Elizabeth Raymer, Canadian Lawyer

Canadian Lawyer quotes Toronto lawyer, Brad Freelan, in an article on shareholder activism.

According to research by Fasken Martineau DuMoulin LLP, formal proxy contests (instances where dissident circulars were mailed to shareholders) last year declined by 20 per cent from what they had been in 2015, representing a continuing downward trend from 2012, which saw 23 such contests. Indeed, the eight formal proxy contests (seven board-related and one transaction-related) that Fasken found for 2016 marked the lowest number of formal contests in the previous 10 years.

“I think people on both sides [target companies and shareholder activists] are settling sooner than they were in the past,” says Bradley Freelan of Fasken in Toronto, whose practice is focused on corporate and securities law with an emphasis on mergers and acquisitions, shareholder activism and corporate finance (Freelan also co-authored the firm’s directors’ handbook on shareholder activism).