Northwire Canada EditionFriday, October 16, 2026
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M&A / Property

Leading Independent Proxy Advisory Firm Glass Lewis Endorses Aptose Plan of Arrangement

APS · Price

Executive Summary

  • Glass Lewis recommends Aptose shareholders vote “FOR” the proposed acquisition of all outstanding Aptose common shares by Hanmi Pharmaceutical and its subsidiary.
  • The special shareholder meeting has been reconvened to March 31, 2026 (virtual) with a voting deadline of 11:00 a.m. EST on March 27, 2026.
  • Completion of the transaction remains subject to customary closing conditions, including court approval and TSX clearance.

Key Details

  • Transaction: Hanmi Pharmaceutical Co. Ltd. and HS North America Ltd. (collectively “Hanmi Purchasers”) will acquire 100% of Aptose’s outstanding common shares not already owned by them.
  • Proxy Recommendation: Glass Lewis, an independent proxy advisory firm, advises shareholders to vote “FOR” the Arrangement Resolution and the Continuance Resolution (conversion from CBCA to ABCA corporation).
  • Board Position: Aptose’s Special Transaction Committee and Board of Directors unanimously recommend voting “FOR” both resolutions.
  • Meeting Information:
  • Reconvened special meeting date: March 31, 2026 at 11:00 a.m. EST (virtual audio webcast).
  • Record date for voting eligibility: close of business on February 24, 2026.
  • Proxy deadline: 11:00 a.m. EST on March 27, 2026.
  • Regulatory Context: Meeting reconvened after SEC comments on the Schedule 13E‑3 filing; an interim court order (Dec 12, 2025) authorizes the meeting.
  • Closing Conditions: Transaction subject to customary conditions, including:
  • Final court approval.
  • TSX (Toronto Stock Exchange) approval.
  • Satisfaction of any other regulatory or shareholder approvals.
  • Shareholder Assistance: Morrow Sodali (Canada) Ltd. retained to assist with proxy solicitation; contact details provided for voting assistance.

Notable Quotes

(No direct CEO/President quotes included in the release.)

Read the original news release →

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