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A Patheon technician at work
A Patheon technician at work

Key dates Add to ...

April, 2007 : JLL Partners invests in Patheon, which is beginning a major restructuring.

December, 2008 : JLL says it plans $2 (U.S.) a share takeover bid.

Major Patheon shareholder and director Joaquin Viso agrees to support JLL after the takeover, but doesn't plan to sell his shares.

March, 2009: Patheon asks Ontario Securities Commission to stop bid.

After JLL drops some contentious terms, including the side deal with Mr. Viso, OSC allows the bid to go ahead.

April: Patheon shareholders vote Mr. Viso off the board.

May: Mr. Viso requests a new shareholder vote to regain his seat, oust the rest of board.

JLL sues to overturn the April board election.

Patheon sues JLL, asking a court to stop the bid and award more than $100-million in damages.

July: Court throws out JLL's attempt to overturn the board election.

JLL announces plans to convert a large chunk of convertible stock to common shares, giving it 57 per cent of Patheon.

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