RE:RE:RE:RE:Orderly transition of a billion sharesauto:
Here is the first link that popped up where you can start: https://www.mondaq.com/advicecentre/content/3250/Canadian-Take-Over-Bid-Rules-Overview--Part-II
I ventured down the rabbit hole a bit on this topic last fall when I saw what was going on with the crosses. Suffice it to say that a well planned (and financed) accumulation by a buyer can legally circumvent the reporting rules for well past the intent of the reporting rules.
As I mentioned in my last post, it is not a level playing field. The big boys pretty much do what they want under the protection of legal advice that NEVER gets challenged. There is a lack of will and finances by shareholders and even regulatory authorities to challenge the legal opinions of big law firms. As a result, the "wroking around the edges" strategies pretty much go unchallenged. It is only when legislation gets rewritten that any real change is made and then the race is on to find a new loophole.