GREY:PGDIF - Post by User
Comment by
ekimon May 09, 2016 3:36pm
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Post# 24855175
RE:New takeover bid rules take effect in Canad - Northern Miner
RE:New takeover bid rules take effect in Canad - Northern MinerGood on the hostile side....but what about the friendly side.
The assumption here is that a friendly bid is a-okay with shareholders...when a lot of times, the board (with minimal ownership) has accepted a bid with a cancellation fee if the deal falls through. Now they can happily turn on the 35 day clock and force the shareholders to make a quick decision.
I think Friendly offers should have to adhere to the 105 day period like the hostile bids. That way, it gives more time for a whiter (hostile) knight to show up.
LONG...PGD
EKIM