Another Efficient Acquisition: Chemtrade and Canexus
The Competition Bureau recently confirmed that it has issued a No Action Letter in the proposed acquisition of Canexus Corporation by Chemtrade Logistics Income Fund. Both Canexus and Chemtrade produce chemicals for the pulp and paper industry. This is the second time that the Bureau has found that a transaction’s anti-competitive effects would be offset by the efficiencies gained from the transaction, including savings related to transportation costs. The first time the Competition Act‘s efficiencies exception was used was when the Bureau issued a No Action Letter in relation to Superior Plus Corp.’s proposed acquisition of Canexus. That deal was abandoned by Superior ... [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
Competition Bureau Takes Action On Mattresses
The Competition Bureau wants to make sure that mattress buyers get a good night’s sleep knowing that they actually saved money instead of receiving a fake discount. In its latest application filed ... [more] Full article
Amazon pays $1.1 m to settle savings claim probe
Amazon.com.ca Inc. has agreed to pay a $1 million penalty, plus $100,000 in costs, to settle allegations by the Competition Bureau that its practice of advertising savings from a list ... [more] Full article