News & Analysis as of

Target Company Poison Pill

Davies Ward Phillips & Vineberg LLP

Taking AIM at the Mithaq Decision: A Critique

In a perplexing decision, Mithaq Canada Inc (Re), the Ontario Capital Markets Tribunal upheld a defensive private placement by a target corporation completed in the face of a hostile bid, effectively denying shareholders the...more

Paul Hastings LLP

Poison Pill Without Shareholders’ Blessing: Can it withstand the court's review?

Paul Hastings LLP on

Japanese courts strike down a poison pill devised and implemented by the board of directors alone- Background- In many jurisdictions, poison pills are devised and implemented by the board of directors without shareholders...more

Paul Hastings LLP

Reasonableness of Poison Pill Examined (3 Japanese Courts Reject Injunction)

Paul Hastings LLP on

How an anti-takeover measure can be justified has been argued in many different ways in the last 20 years. In recent significant decisions involving an injunctive motion by the acquirer triggered by the issuance of a poison...more

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