OSC clarifies when merger negotiations must be disclosed
March 10th, 2008 | By Hooman Zargarzadeh | Posted in Commercial Litigation, Securities Litigation
Companies do not have to disclose merger negotiations as a material change until there is sufficient likelihood that the deal will close, the Ontario Securities Commission held recently in Re AiT Advanced Information Technologies Corp.
Companies do not have to disclose merger negotiations as a material change until there is sufficient likelihood that the deal will close, the Ontario Securities Commission held recently in Re AiT Advanced Information Technologies Corp.