Americas: A hard pill to swallow

Author: | Published: 8 Jul 2014
New rules increasing Canadian targets’ ability to use poison pills are up for comment

The first half of 2014 has seen bigger global M&A volumes than any other since 2007. The cash stockpiles that many companies have been building, along with the increasingly positive outlook for many businesses, has made the prospect of deals more attractive. But the increasing desire of corporates and funds to make acquisitions has been matched by targets' willingness to fight back.

The development of new target tactics has been highly prominent in Canada, where for years securities regulations and Toronto Stock...