He loves its peameal bacon. He loves its pea soup. Its real maple syrup. Its mounties and moose and trappers. Its hockey players. Its railroads. But, most of all, he loves how easy it makes his job—and how hard it makes it for its companies to stop him.
“It’s a better regime in almost every measure,” he said during an Ontario Securities Commission event in Toronto. Canadian regulators often remove poison pills — shareholder rights plans that can be used to fend off an unsolicited bid — after a short period.
Ackman described that as a “very sensible” approach when compared with what can essentially be a permanent poison pill in the U.S.