Canada's new takeover regime seen deterring hostile bids: Reuters
A new takeover bid regime outlined by Canadian regulators is set to dramatically extend the minimum offer period on hostile bids, potentially reducing hostile deal activity in a largely resource-driven Canadian market, Reuters reported. The new rules, unveiled this week, will require that hostile bidders come in with fully financed bids and keep offers open for a minimum of 105 days, up from 35 days currently.
26 February 2016•2 mins read
