GREY:LSTMF - Post by User
Post by
JohnDDon Sep 20, 2014 11:38am
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Post# 22955212
Takover Question
Takover QuestionCan someone tell me what level of ownership you need to block a takeover in Canada?
I think it might be 10%, but not sure about that. That is if the company launching a takeover gets 90% or more of the shares, the remaining minority shareholders are forced to hand over their shares.
When LTS and CPG took positions in Arcan they both were is the high teens if I recall - I assumed they did this to be in a position to block a potential takeover from anothe bidder. That put them both in better positions to limit competitive bids if they decided to launch a takeover of the company..
Any insight from others who understand M&A laws in Canada is appreciated.
Thanks