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Shareholder Activism

Shareholder activism defence requires a dedicated team of corporate and litigation experts with extensive expertise and experience. Our contested situations team has earned a reputation for providing practical, results-oriented advice and thought leadership.


Shareholder activism is now firmly entrenched in the corporate landscape. Companies of all sizes and in all industries can be the target of shareholder activists seeking changes to leadership, strategy and corporate/capital structure.

We work with boards of directors, special committees and management to identify and address potential vulnerabilities to reduce the risk of being a target of shareholder activism. Should a company find itself the target of an activist campaign, our team provides strategic, governance and communications advice as well as assistance with presentations to proxy advisory firms and preparation of proxy materials and meeting logistics.


Download the latest edition our Directors Handbook Canadian Proxy Context Study, subscribe to our blog, “Timely Disclosure” or contact any of our lawyers for answers to your questions about how we can help you defend against shareholder activism or other contested situations.


Client Work

  • Guyana Goldfields Inc. acquired by Zijin Mining Group Co., Ltd. for aggregate proceeds of C$323 million,
  • Waterton Precious Metals Bid Corp successfully defends dissent proceeding brought by minority shareholder.,
  • Lion Point Capital enters into Cooperation Agreement with Sierra Wireless,
  • Titan Minerals Successfully Completes Its Unsolicited Take-Over Bid For All Of the Shares of Core Gold,
  • Aphria announces successful takeover bid defence,
  • China's Zijin Mining to buy Canada's Nevsun for approximately C$1.86 billion,
  • Rainy Day Investments wins proxy fight for DAVIDsTEA,
  • Successfully represented the members of a special committee of directors in a case resulting from a takeover bid,
  • Chemtrade Logistics Income Fund's hostile takeover of Canexus Corporation,


Fasken Institute