Transcontinental Agrees to Sell 34 Community Newspapers
Transcontinental Inc. has agreed to sell 34 out of the 74 weekly newspapers it is buying from Quebcor Media Inc. in order to resolve the Competition Bureau’s concerns that the deal would lessen competition in the market for advertising in community newspapers in Quebec. The consent agreement requires that the 34 community newspapers be sold to independent parties at no minimum price. Transcontinental has also agreed to continue to print and distribute these newspapers for the new owners for up to one year. Read the Bureau’s Press Release, Position Statement, and the consent agreement. [more] Full article
Lousiana Pacific Abandons Plan to Acquire Ainsworth Lumber
The Louisiana Pacific Corporation (LP) has abandoned its plan to acquire Ainsworth Lumber Co. Ltd., as a result of a concerns raised by both the Competition Bureau and the United ... [more] Full article
Loblaws Agrees to Sell Stores to Acquire Shoppers
Loblaw Companies Limited agreed to sell 18 retail stores and 9 pharmacies, as well as to abide by certain behavioural restrictions, in order to receive Competition Bureau approval of its acquisition ... [more] Full article
Hockey Equipment Merger Not Offside
Canadian Tire affiliate FGL Sports’ acquisition of Pro Hockey Life Sporting Goods Inc. is unlikely to substantially lessen or prevent competition in the retail market for hockey equipment, the Competition ... [more] Full article