Changes to the Takeover Bid Regime for Reporting Issuers

By David J. Lowdon
avril 29, 2008

Effective February 1, 2008, a series of changes was made to what may be generally called the takeover bid regime in Canada (the “Bid Regime”).  The revised Bid Regime comprises the following statutes, policies and instruments:

1.      Multilateral Instrument 62-104 – Takeover Bids and Issuer Bids (“MI 62-104”) governs takeover bids and issuer bids in all jurisdictions of Canada except Ontario.

2.      Part XX of the Securities Act (Ontario) (the “Act”) and Ontario Securities Commission (“OSC”) Rule 62-504 – Takeover Bids and Issuer Bids (“OSC Rule 62-504”) governs takeover bids and issuer bids in Ontario only.


This article was originally published in the April 29, 2007 edition of the Ottawa Business Journal.

 

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