LF logo
by learnformula
search
Log in
search
Courses/Law/Negotiation and Conflict Management Skills

Hostile Bids and Defensive Tactics

Background and structure of hostile or unsolicited bids to takeover a corporation.

Created byIrwin Law
4.6
(5 reviews)
IntermediateUpdated Aug 27, 2020
Hostile Bids and Defensive Tactics

What You'll Learn

check_circleIdentify features of hostile bids.
check_circleExplain director duties in hostile bids.
check_circleEvaluate takeover defense strategies.
check_circleAnalyze use of shareholder rights plans.
check_circleUnderstand key deal protection tactics.
check_circleAnalyze regulatory roles in contested bids.

About This Course

Explore the complex and high-stakes world of unsolicited corporate acquisition attempts in this course, "Hostile Bids and Defensive Tactics." Unlike friendly mergers, hostile takeovers involve determined bidders seeking control against the target company's management and board, creating intense legal and strategic challenges.

Understanding the dynamics of hostile bids is crucial for navigating corporate control battles. This course delves into the intricate legal landscape, examining the interplay between securities regulation and corporate law that governs these contentious transactions.

Key topics covered include:

  • The fundamental differences between friendly and hostile takeovers.
  • The legal framework and the roles of courts and securities commissions in contested bids.
  • The critical fiduciary duties and potential conflicts of interest faced by target company directors and management.
  • An in-depth analysis of common defensive tactics employed by target companies, such as shareholder rights plans (poison pills) and various deal protection measures.
  • Legal concepts like the "proper purpose doctrine" and the evolving Canadian approach to directors' duties when a company is "in play" versus the U.S. (Delaware) perspective.
  • The influence of institutional investors and arbitrageurs on takeover outcomes.
  • Related issues like competition law review and post-bid compulsory acquisitions.

Gain essential insights into the strategies, legal challenges, and regulatory environment shaping modern hostile takeovers and the defenses used to counter them.

Your Instructors

Irwin Law
Irwin Law

https://twitter.com/irwinlaw

menu_book73 courses
star1,137 reviews

Books on law do not need to be difficult, dull, and costly. At Irwin Law Inc., our aim is to produce books of exceptional quality at affordable prices. We are determined to produce books that are modern, lively, and interesting, as well as clearly organized and attractively designed, at prices substantially lower than our competitors. Indeed, our books are accessible to students and legal practitioners alike, while maintaining the highest standards of excellence. As Canada's youngest law publisher, Irwin Law brings an innovative approach and fresh ideas to legal publishing. The company was established in 1996 - very recently in an industry whose roots go back to 1855. At its inception, Irwin Law Inc. was affiliated with the Stoddart Publishing Group. In 1999, Irwin Law was purchased by Quicklaw, Canada's leading online legal research service. The purchase was a natural, as Irwin Law had been among the first publishers to make its books available on the online database. However, when Quicklaw was purchased by LexisNexis Group in July 2002, Irwin Law needed to find new owners. The company was purchased by a small group led by Irwin Law's founding publisher, Jeffrey Miller. From its beginning, Irwin Law has strived to publish books that do more than outline the current state of the law. They analyze the complex issues of the day in a succinct and readable style and in a manner that is probing and thoughtful. Our books are accurate, comprehensive, and up-to-date. Indeed, all manuscript submissions are subject to peer review and our authors are among the leading law practitioners and professors in Canada and the world. Irwin Law brings to the marketplace books that whet the reader's curiosity, challenge established tradition, and create intellectual excitement.

Christopher C. Nicholls
Christopher C. Nicholls

Christopher C. Nicholls holds the Stephen Dattels Chair in Corporate Finance Law at the University of Western Ontario. He is a graduate of the University of Ottawa, Osgoode Hall Law School, and Harvard University. Before coming to Western in 2006, Professor Nicholls was a member of the Dalhousie University Faculty of Law (now the Schulich School of Law at Dalhousie University) where he was the inaugural holder of the Purdy Crawford Chair in Business Law. Prior to joining the faculty of Dalhousie, he practised corporate and securities law in Toronto and in Hamilton, Bermuda. Professor Nicholls has been a visiting (adjunct) professor at the University of Toronto Faculty of Law, a visiting professor at Queen’s University Faculty of Law, a visiting scholar at the Centre for Corporate and Commercial Law at the University of Cambridge, the Falconbridge Professor of Commercial Law at Osgoode Hall Law School, and a Herbert Smith visitor to the University of Cambridge Faculty of Law. He has served as a member (Commissioner) of the Nova Scotia Securities Commission, as associate editor and corporate finance law specialist editor for the Canadian Business Law Journal, and as a member of the editorial board of the Canadian Journal of Law and Technology. He is the author of numerous articles and monographs, as well as four other books including Securities Law (with Jeffrey MacIntosh, Irwin Law, 2002).

Credit Information

What Students Are Saying

4.6
Student's Choice
5 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.