September 16, 2015
The introduction of several high-profile IPOs this year bearing dual class shares (DCS) has reignited debate on this controversial share structure. As Lexpert reports, DCS have historically been an issue of contention, and the future of this share structure is yet to unfold. Lexpert turned to partner and co-head of the firm’s M&A Practice Cornell Wright for his comments. Below is an excerpt of the article.
“People bringing companies to market have been very conscious of the rise in shareholder activism when they’re thinking about dual share structures,” says Cornell Wright of Torys LLP in Toronto. “It continues to be a complicated story.”
To read the full article, click here.