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The Dufferin Mall in Toronto
The Dufferin Mall in Toronto
(Ryan Enn Hughes/The Globe and Mail)

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Break fee inflation needs shareholder pushback

Add another thing to the list of things that Canadians pay more for than Americans: break fees on takeovers.

Target companies in Canada are increasingly agreeing to hand over more to would-be friendly acquirers in the form of termination fees, or cheques cut to compensate the buyer if an agreed-upon deal falls through.