News

Gearing up for proxy season: Shareholder activism

An event organized by Canadian Club Toronto, featuring Andrea Mandel-Campbell, Senior Vice-President of National Capital Markets

March 4, 2019, from 11:45 AM  – 1:30 PM at the One King West Hotel (1 King Street West, Toronto)

Is your company a potential target for activist investors? Are you looking for new insights from the proxy trenches to help your client anticipate activist challenges and defend itself? US hedge funds and short sellers, among others, are aiming at Canadian corporates, from retail and tech to mining and cannabis, and any company without a plan is at risk.

On March 4th Andrea Mandel-Campbell, Senior Vice-President of National Capital Markets will get the inside scoop from the experts on how activists think, their strategies and tactics, and how Canadian corporates can defend themselves.

Join Andrea for a candid and timely discussion as we head into the proxy season with New York short-seller Ben Axler of Spruce Point Capital Management, who has set his sights on many a Canadian corporate, including Dollarama and Maxar Technologies, as well as Sunny Puri of Toronto-based Anson Funds, who is keenly watching the cannabis space. Patricia Olasker, Partner at Davies and a veteran of mining M&A, will share her insights, along with David Salmon, President of Laurel Hill, one of Canada’s leading proxy advisors.

Registration

To register online, please visit the Canadian Club event page and purchase tickets for the event here.

Individual Ticket
Non-Subscriber: $95
Subscriber: $84

Table of 10
Non-Subscriber: $950
Subscriber: $850

Speakers biographies

Ben Axler
Founder and Chief Investment Officer, Spruce Point Capital Management

Mr. Axler is the founder of Spruce Point Capital Management and co-founded Prescience Point Research Group (2012-2014), a short-focused research firm. Mr. Axler is an activist short-seller, forensic financial researcher, and has exposed over $1.0 billion of alleged frauds on the Nasdaq and the NYSE. Before founding his company in 2009, Mr. Axler spent eight years as an investment banker with Credit Suisse and Barclays Capital where he structured and executed billions of dollars of financing, derivative risk management, and M&A deals for leading Fortune 500 clients. Mr. Axler’s work has been widely recognized in the financial industry for its originality and track record of performance.

Patricia Olasker
Partner, Davies

Patricia acts on many of Canada’s most complex mergers and acquisitions. Acquirers, targets and investors, in Canada and abroad, rely on her unparalleled expertise. She was lead counsel for Burger King Worldwide Inc. in its US$12.5¬ billion acquisition of Tim Hortons and McKesson Corporation in its $3¬billion acquisition of Rexall. Clients appreciate Patricia’s extensive experience in advising parties on both sides of shareholder activism issues. Boards of directors, special committees and activist shareholders regularly consult her on their corporate governance and transaction-specific matters. She acted as lead counsel for Pershing Square Capital Management in its landmark campaign to change the board and management of Canadian Pacific Railway. Known for her ability to develop innovative financing instruments, Patricia advises clients on public market derivatives and structured debt and equity products. An adjunct professor at Osgoode Hall Law School, Patricia teaches the Advanced Business Law Workshop on mergers and acquisitions and the Regulation of the Canadian Cannabis Industry course. She is the founder of AIDSbeat, the Toronto legal community’s largest charity event.

Sunny Puri
Principal and Portfolio Manager, Anson Funds

Mr. Puri is a Principal and Portfolio Manager at Anson Funds. Anson Funds is a long-short hedge fund with offices in Toronto and Dallas with three core investment strategies: classic shorts, value longs, and opportunistic investments. Anson Funds was a top 100 midsized fund according to Barrons in 2016 and 2017. Before joining Anson, Sunny worked at RBC Capital Markets within the M&A Group in Toronto, Canada and Corporate Finance Group in Sydney, Australia. He attained his Chartered Accountant (CPA) designation while at PricewaterhouseCoopers. Sunny graduated from the Schulich School of Business at York University with a Bachelors of Business Administration (Honors) in Accounting and Finance.

David Salmon
President, Laurel Hill

David is responsible for Laurel Hill’s strategic shareholder solutions and corporate governance consulting services in Canada. David works with the senior executive, board members and significant shareholders on many of Canada’s notable corporate transactions; he contributes to the creation of effective strategies involving complex and contentious shareholder communications issues related to hostile and friendly acquisitions, proxy contests, and evolving corporate governance issues.

Andrea Mandel-Campbell
Senior Vice-President, National Capital Markets
Andrea is Senior Vice-President, Financial and Crisis Communications at National Public Relations. She provides an integrated service offering that combines deep investor relations experience with strategic communications, media relations and crisis and issues management. Andrea was previously Senior Vice-President with New York-based global CEO advisory firm, Teneo, and Vice-President of Corporate Communications at Kinross Gold Corporation. A former correspondent for the Financial Times of London and BNN anchor, Andrea is the author of the iconic Canadian business book, ‘Why Mexicans Don’t Drink Molson.’