John Emanoilidis

Nov 28, 2024 | mondaq.com | John Emanoilidis |Andrew Gray |David Scott Forrester |David Judson

Recent cases before Ontario's Capital Markets Tribunal (the Ontario Tribunal) and the Alberta Securities Commission (the ASC) provide guidance on when it may be appropriate for an issuer to adopt a shareholder rights plan without shareholder approval in the face of a shareholder acquiring a significant ownership position.

Jun 5, 2024 | mondaq.com | Michael D. Amm |John Emanoilidis

During the 2023 proxy season, investors set a new global record for shareholder activism, with no fewer than 69 shareholder activist campaigns taking place in Canada alone—double the number of campaigns in 2022. Facilitated by Canada being a relatively "activist-friendly" jurisdiction, this activist surge is characterized by the following trends.

May 30, 2024 | lexology.com | Michael D. Amm |John Emanoilidis

During the 2023 proxy season, investors set a new global record for shareholder activism, with no fewer than 69 shareholder activist campaigns taking place in Canada alone—double the number of campaigns in 2022. Facilitated by Canada being a relatively “activist-friendly” jurisdiction, this activist surge is characterized by the following trends.

Apr 1, 2024 | mondaq.com | Andrew Gray |Sarah E. Whitmore |John Emanoilidis |David Scott Forrester

In a recent decision of the Ontario Capital Markets Tribunal, Mithaq Canada Inc. (Re), 2024 ONCMT 9, the Tribunal declined to cease trade a private placement announced by Aimia Inc. in the context of ongoing activism by Aimia's largest shareholder, Mithaq Capital S.P.C. (Mithaq), and a takeover bid by Mithaq Canada Inc. (Mithaq Canada), a wholly-owned subsidiary of Mithaq.

Feb 8, 2023 | lexology.com | John Emanoilidis |Andrew Gray |Michael D. Amm |Karrin Powys-Lybbe |Rima Ramchandani |David Judson

Rising interest rates, record inflationary pressures and world events have converged to create uncertainty and volatility in equity markets. Some stocks have experienced steep declines in trading prices, in many cases, significantly at odds with views of fundamental values. This creates an environment conducive to unsolicited M&A transactions and activist investor campaigns.