Sherwin-Williams Permitted to Acquire Valspar
The proposed acquisition between two global paint coating companies, Sherwin-Williams and Valspar, was recently given the go-ahead by the Competition Bureau, after a consent agreement was reached between the Bureau and Sherwin-Williams. Initially, the Bureau had determined that the proposed acquisition would likely result in a substantial lessening of competition in the industrial wood coating industry. To address these concerns, Sherwin-Willaims is required under the consent agreement to sell Valspar’s assets related to industrial wood coatings in Canada and the U.S. to Axalta Coating Systems Ltd., a new entrant based in Pennsylvania. [more] Full article
Merger Notification Threshold Raised to $88m
The pre‑merger notification threshold relating to transaction‑size will be $88 million in 2017, up from $87 million last year, the Competition Bureau announced recently. Mergers are only notifiable if three ... [more] Full article
Closure: Abbott agrees to divestitures to acquire St. Jude
Abbott Laboratories, a US-based multinational medical device manufacturer, completed its acquisition of competitor St. Jude Medical after receiving clearance from competition authorities in Canada, the US, and the EU in ... [more] Full article
Worth the Wait? National Security Guidelines Finally Published under the Investment Canada Act
The federal government has finally issued long-awaited Guidelines on the National Security Review of Investments, which clarify its approach to the national security review regime for foreign investments that was ... [more] Full article