A story has always two sides.. or how to bring the same news as MSD in a positive way..
OSC Grants WiLAN Request and Cease Trade MOSAID's Poison Pill on November 1, 2011
OTTAWA, CANADA -- (Marketwire) -- 10/13/11 -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced the Ontario Securities Commission (the "OSC") has granted WiLAN's request to cease trade the MOSAID Technologies Incorporated ("MOSAID") Shareholder Rights Plan ("Poison Pill").
The cease trade order of MOSAID's Poison Pill is effective on November 1, 2011 at 9:00 a.m. (Eastern time). MOSAID had requested in its submissions that either WiLAN's application be dismissed or that the Poison Pill remain in place until November 11, 2011. The OSC declined to grant either of these requests from MOSAID in its order.