Canadian Mergers & Acquisitions 2026 (11th Ed)

Chapter 06 Directors’ Duties and Defensive Mechanisms Directors’ Duties 26 Structural Defences 28 Defensive Measures 30

Chapter 09 Selected Canadian Tax Issues in M&A Transactions Acquirer Considerations 54 Shareholder Considerations 59 Appendix A: Summary Transaction Timelines Takeover Bid Timeline — Unsolicited 62 Takeover Bid Timeline — Friendly 63 Plan of Arrangement Timeline 64 Amalgamation Timeline 65

Chapter 07 Competition Act Competition Act (Canada): Pre-Merger Notification

34

Competition Act (Canada): Substantive Merger Provisions 36

Chapter 08 Investment Canada Act and Other Restrictions on Foreign Ownership Investment Canada Act: Overview 40 National Security Reviews 43 Net Benefit Reviews 47 Other Foreign Ownership Restrictions 52

Key Contacts

66

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