Canada:
Debunking The Myth: Why Activism Is Tough In Canada
15 April 2015
Davies Ward Phillips & Vineberg
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Much has been written and said about how hospitable to
shareholder activism Canada is compared to the United States.
Commentators point to Pershing Square's stunning victory over
Canadian Pacific Railway in 2012 and its even more stunning gains
on the investment since then in support of their thesis. Indeed,
there are aspects of Canadian law that, at least superficially, are
very shareholder-friendly.
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