The Special Committee of the Board of Directors of Patheon Inc. applied for relief under sections 104(1) and 127 of the Securities Act in connection with a take-over bid by JLL Patheon Holdings, LLC.
The Ontario Securities Commission dismissed the application, provided that JLL complies with several conditions.
These conditions included terminating a voting agreement with the MOVA Group, certifying the absence of any other agreements regarding the offer, amending the offer circular to disclose the decision, issuing a news release, and extending the offer period.
