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Canada’s not an activist investor’s paradise: Lawyer Add to ...

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Canada may not be the “promised land” it once seemed for activist investors.

While the country may appear to be more shareholder friendly than the U.S. because of its regulatory regime, the opposite is true, according to Patricia Olasker, a senior partner at Davies Ward Phillips & Vineberg LLP. Ms. Olasker, who became involved in proxy fights through her mergers and acquisitions practice, takes a contrasting view from Canadian investor Stephen Griggs, the co-author of a recent report by data provider Activist Insight.

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