Canadian chemical merger abandoned after FTC challenge
Superior Plus Corp. abandoned plans to buy rival chemical manufacturer Canexus Corporation after the US Federal Trade Commission challenged the merger. Both the FTC and the Canadian Competition Bureau concluded that the merger would harm competition. The Bureau ruled that the merger would be saved by efficiency gains and gave the parties the go-ahead. In the US, where efficiencies are treated differently, the FTC filed an administrative complaint challenging the merger. Toronto-based Superior and Calgary-based Canexus produce chemicals for the pulp and paper industry. The Bureau concluded that their merger would substantially lessen competition for the supply sodium chlorate and several ... [more] Full article
Bureau Remedies Allergan Acquisition
In a consent agreement reached with the Competition Bureau, Teva Pharmaceutical Industries Ltd. has agreed to divest assets related to two pharmaceutical products in order to complete its acquisition of ... [more] Full article
Bureau Moves Iron Mountain in Recall Acquisition
Iron Mountain Inc. agreed to divest assets and customer contracts in 6 of the 10 markets where its acquisition target, Recall Holdings, operates. Iron Mountain will divest assets in Toronto, Montreal, Ottawa, Calgary, Edmonton ... [more] Full article
Parkland Agrees to Divest Gas Stations
Parkland Fuel Corporation has agreed to divest gas stations or exclusive gasoline supply agreements in six markets in Ontario and Manitoba, and to abstain from increasing its margins on wholesale gasoline ... [more] Full article
Mergers Contributors
Masiel A. Matus
Masiel has a broad commercial litigation practice and represents both national and international clients in a variety of complex matters. Masiel has experience litigating cases involving professional negligence, commercial leasing and real property disputes, insurance, contract disputes, shareholder disputes, fraud, breach of fiduciary duty, breach of trust, employment matters and defamation claims.
David N. Vaillancourt
David's practice expertise focuses on all matters of Commercial and Civil Litigation, Competition and Administrative Law. David has acted for clients in a wide range of disputes, including shareholder and partnership disputes, securities litigation, class action defence, proceedings under the Competition Act, employment law disputes, contract disputes, breach of confidence/intellectual property disputes, fidelity bond claims, and professional negligence claims. David has appeared before all levels of court in Ontario, including the Court of Appeal for Ontario, and has also appeared before the Competition Tribunal and the Federal Court of Appeal. David has appeared as lead counsel in numerous trials, hearings, and motions. David has been successful in numerous adversarial proceedings, and also has successfully negotiated the resolution of dozens of cases.
