By Ethan Minsky
This is the third and last instalment of a three part article. In the first part, we discussed the basic concepts and guiding principles applied by Canadian securities regulators when they are asked to cease trade an effort to defend against a take-over bid. In the second part, we discussed the British Columbia Securities Commission’s decision in Re Red Eagle, 2015 BCSECCOM 401, in which these guiding principles were applied. In this third part, we will discuss the Alberta Securities Commission’s decision in in Re Suncor Energy Inc. 2015 ABASC 984.If you missed any of the first two instalments and you would like to read them now, here is a link to the full article.