17 Oct 2014 Bill Ackman: Canada ‘a better regime in almost every measure’ for activists than U.S. ( Portfolio )

Ackman described that as a “very sensible” approach when compared with what can essentially be a permanent poison pill in the U.S. The fact that activists can build a stake of as much as 10% in a company before disclosing their presence — rather than the 5% threshold in the U.S. — also makes Canada a better environment for activists.