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Media Coverage

AlphaWeek quotes Aaron Atkinson and Bradley Freelan in an article on proxy contests in Canada

Fasken
Reading Time 1 minute read

“Fasken Report: Activist Shareholders gain upper hand in Canada” AlphaWeek Staff

AlphaWeek quotes Toronto lawyers, Aaron Atkinson and Bradley Freelan, in an article on proxy contests in Canada.

“For the first time in three years, dissidents had success in a majority of formal board-related proxy contests,” said Fasken M&A partner Aaron Atkinson. “In addition, more contests were initiated by outside activists than by current or former management.”

“Most of the action focused on micro-cap companies, but a quarter of the contests involved large cap companies, an increase over 2016,” said M&A partner Bradley Freelan. “Also of note, institutional activists came off the sidelines in 2017, achieving full or partial success in four of five contests launched.”