{"id":44235,"date":"2026-01-26T12:00:57","date_gmt":"2026-01-26T17:00:57","guid":{"rendered":"https:\/\/www.millerthomson.com\/?post_type=expertise&#038;p=44235"},"modified":"2026-02-02T16:07:25","modified_gmt":"2026-02-02T21:07:25","slug":"shareholder-activism","status":"publish","type":"expertise","link":"https:\/\/www.millerthomson.com\/en\/expertise\/corporate\/shareholder-activism\/","title":{"rendered":"Shareholder Activism"},"content":{"rendered":"<div id=\"overview\" class=\"page-banner wp-block-media-text is-stacked-on-mobile is-image-fill has-media-on-the-right alignfull\" style=\"background-color: var(--wp--preset--color--base-3)\" >\n    <figure class=\"wp-block-media-text__media\">\n        <img decoding=\"async\" width=\"1920\" height=\"1098\" src=\"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2025\/12\/expertise_shareholder-activism_featured.jpg\" class=\"attachment-full size-full\" alt=\"Smiling business woman holding tablet with overlay of financial graphs\" srcset=\"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2025\/12\/expertise_shareholder-activism_featured.jpg 1920w, https:\/\/www.millerthomson.com\/wp-content\/uploads\/2025\/12\/expertise_shareholder-activism_featured-600x343.jpg 600w, https:\/\/www.millerthomson.com\/wp-content\/uploads\/2025\/12\/expertise_shareholder-activism_featured-1200x686.jpg 1200w, https:\/\/www.millerthomson.com\/wp-content\/uploads\/2025\/12\/expertise_shareholder-activism_featured-300x172.jpg 300w, https:\/\/www.millerthomson.com\/wp-content\/uploads\/2025\/12\/expertise_shareholder-activism_featured-800x458.jpg 800w, https:\/\/www.millerthomson.com\/wp-content\/uploads\/2025\/12\/expertise_shareholder-activism_featured-400x229.jpg 400w, https:\/\/www.millerthomson.com\/wp-content\/uploads\/2025\/12\/expertise_shareholder-activism_featured-1889x1080.jpg 1889w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>        <div class=\"page-banner-colour-bar\" style=\"background-color: var(--wp--preset--color--base-3)\" ><\/div>\n    <\/figure>\n    <div class=\"wp-block-media-text__content\">\n        <p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/www.millerthomson.com\/en\/\">Home<\/a><\/span><\/span><\/p>        <div class=\"page-banner-acf__innerblocks\">\n<h1 class=\"wp-block-post-title\">Shareholder Activism<\/h1>\n\n\n<p class=\"has-text-align-left has-medium-font-size\">Crafting sensible solutions&nbsp;in&nbsp;special situations&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-left\">Engaged and&nbsp;active&nbsp;shareholders are more adept than ever at making their voices heard&nbsp;on everything from the company\u2019s leadership&nbsp;to its&nbsp;strategy&nbsp;and&nbsp;corporate structure.&nbsp;&nbsp;<\/p>\n\n<\/div>\n    <\/div>\n<\/div>\n\n\n\n<p>Recognizing that a cost-effective settlement is often the best solution&nbsp;for all parties, our shareholder activism team works with both activist shareholder groups,&nbsp;as well as incumbent boards and management to craft sensible solutions&nbsp;to complex problems&nbsp;that preserve the company\u2019s long-term value.&nbsp;&nbsp;<\/p>\n\n\n\n<p>When campaigns escalate, our clients are positioned for success in the courts of both law and public opinion, backed up by top-tier legal advice that allows them to&nbsp;act&nbsp;decisively and&nbsp;emerge&nbsp;victorious in a public proxy contest.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Experience and expertise you can trust&nbsp;<\/h2>\n\n\n\n<p>Over decades of experience&nbsp;acting for companies, their boards,&nbsp;activist&nbsp;shareholders and other capital markets stakeholders, Miller Thomson\u2019s seasoned professionals have&nbsp;been at the forefront of matters as&nbsp;activist&nbsp;tactics&nbsp;have&nbsp;evolved. Shareholders&nbsp;waging&nbsp;increasingly&nbsp;sophisticated campaigns&nbsp;are&nbsp;now&nbsp;prepared to&nbsp;coordinate&nbsp;with&nbsp;hedge funds, competitors and&nbsp;even the media&nbsp;as they&nbsp;attempt&nbsp;to advance their goals in both public and private&nbsp;channels.&nbsp;&nbsp;<\/p>\n\n\n\n<p>In a&nbsp;fast-changing&nbsp;field, our&nbsp;approach&nbsp;remains&nbsp;steadfast.&nbsp;Whether we are acting for management or dissident shareholders, the&nbsp;members of Miller Thomson\u2019s&nbsp;shareholder activism&nbsp;team&nbsp;meet&nbsp;the high&nbsp;stakes and emotions&nbsp;of&nbsp;an&nbsp;activist&nbsp;mandate&nbsp;with cool heads&nbsp;and \u201cout of the box\u201d solutions&nbsp;leveraging&nbsp;their deep&nbsp;corporate, litigation&nbsp;and securities&nbsp;knowledge&nbsp;to&nbsp;clients\u2019 advantage&nbsp;to&nbsp;deliver&nbsp;practical, results-focused&nbsp;legal solutions&nbsp;tailored to every situation.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategic,&nbsp;adaptable&nbsp;counsel&nbsp;<\/h2>\n\n\n\n<p>Shareholder activism has become a fixture of the Canadian public company landscape. Most <a href=\"https:\/\/www.millerthomson.com\/en\/expertise\/commercial-litigation#shareholders-disputes\">shareholder disputes<\/a> are resolved in advance and out of the public domain.\u00a0\u00a0<\/p>\n\n\n\n<p>This requires experienced counsel who&nbsp;are able&nbsp;to&nbsp;negotiate&nbsp;an&nbsp;optimal&nbsp;behind the scenes settlement, avoiding a costly and public shareholder battle&nbsp;while achieving many of our clients\u2019 key objectives.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>When a fight is unavoidable, our team has the depth and tactical agility to&nbsp;identify&nbsp;and implement a&nbsp;winning strategy for any campaign based on a careful analysis of each situation.&nbsp;In order to&nbsp;be successful, these battles are often waged&nbsp;simultaneously in the press, the courts and in front of the securities regulators. Miller Thomson has the multidisciplinary experience and depth to meet this challenge.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Our services&nbsp;&nbsp;<\/h2>\n\n\n\n<p>Our team has extensive experience&nbsp;advising&nbsp;incumbent boards&nbsp;and&nbsp;dissident shareholders&nbsp;on a wide range of issues, including:&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Proxy&nbsp;contests<\/li>\n\n\n\n<li>Hostile takeovers<\/li>\n\n\n\n<li>Short seller campaigns&nbsp;<\/li>\n\n\n\n<li>Special committee mandates&nbsp;<\/li>\n\n\n\n<li>Internal investigations\/handling short seller reports&nbsp;<\/li>\n\n\n\n<li>Whistleblower&nbsp;complaints&nbsp;<\/li>\n\n\n\n<li>Regulatory compliance issues&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Notable matters&nbsp;<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Apollo&nbsp;Health&nbsp;&amp; Beauty Care Inc.:&nbsp;Acted for Apollo&nbsp;founders&nbsp;in their successful&nbsp;campaign&nbsp;to assume control of the&nbsp;board&nbsp;of Acasta Enterprises&nbsp;Inc.&nbsp;(renamed Apollo Healthcare&nbsp;Corp.).&nbsp;<\/li>\n\n\n\n<li>Apollo&nbsp;Healthcare&nbsp;Corp.:&nbsp;Acted for Apollo in its successful\u202fproxy contest with shareholder activist Anson Partners and others.&nbsp;&nbsp;<\/li>\n\n\n\n<li>Artis&nbsp;REIT: Acted for one of the&nbsp;key&nbsp;Artis REIT&nbsp;shareholders&nbsp;with respect to its&nbsp;contested&nbsp;board change&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recognizing that a cost-effective settlement is often the best solution\u00a0for all parties, our shareholder activism team works with both activist shareholder groups,\u00a0as well as incumbent boards and management to craft sensible solutions\u00a0to complex problems\u00a0that preserve the company\u2019s long-term value.\u00a0\u00a0<\/p>\n","protected":false},"author":5,"featured_media":42932,"parent":13014,"menu_order":0,"template":"","class_list":["post-44235","expertise","type-expertise","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shareholder Activism Lawyers | Miller Thomson<\/title>\n<meta name=\"description\" content=\"We work with activist shareholder groups to craft sensible solutions to complex problems that preserve a company\u2019s long-term value.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.millerthomson.com\/en\/expertise\/corporate\/shareholder-activism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shareholder 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