Foreign Takeovers of Canadian/Quebec Corporations:

How big an issue and what to do about it

The recent offer by US-based Lowes to acquire Rona, occurring as it did in the midst of the Quebec election campaign, has triggered calls for actions to protect the ownership of Rona. Quebec political parties took strong positions against the takeover, ranging from changing corporate laws to pooling funds to acquire a blocking stake in the company (and others). The furor fizzled out as Lowes dropped its offer (for now anyway).

However the issue remains current as an investor seeks to replace the whole board with new members presumably more open than the current board to a sale of the company […] Read more