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The OSC Decision in Neo Material Technologies Inc. – A Second Example of Keeping a Poison Pill Alive
June 01, 2009
On May 11, 2009, the Ontario Securities Commission (the “OSC”) decided not to cease trade a tactical poison pill that had been approved by the shareholders of Neo Material Technologies Inc. (“Neo”), a Canadian corporation listed on the TSX, in the face of an unsolicited partial take-over bid made by Pala Investments Holdings Limited (“Pala”). Published in CCH Canadian Securities Law News, June 2009.