62-305 – Varying the Terms of Take-over Bids (National Notice)

62-305 – Varying the Terms of Take-over Bids (National Notice)

• Varying the Terms of Take-Over Bids

  Effective Date: December 18, 2009.

  Sets out the view of the CSA staff regarding the ability of an offeror in a formal take-over bid to vary the terms of a bid in a manner that makes the bid less favourable to offeree security holders.

  62_305_csa_staff_notice_december_18_2009.pdf