Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

CI Financial Shareholders Adopt Extension of Poison Pill Plan

CI Financial Corp. shareholders agreed to extend the terms of a shareholder rights plan that would discourage hostile takeover bids.

Shareholders voted in favor to extend the so-called poison pill until 2014, CI said at its annual meeting today in Toronto.

CI was involved in a dispute over the rights plan with its largest shareholder, Bank of Nova Scotia. The Ontario Securities Commission, Canada’s main stock-market regulator, ruled last week that the Toronto-based lender didn’t qualify as an “independent” shareholder and couldn’t vote on the plan.

Scotiabank, Canada’s third-largest bank by assets, purchased about 36 percent of CI Financial in 2008 from Sun Life Financial Inc. for C$2.3 billion.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.