Sale of Ten Shoppers Drug Mart Stores by Loblaw Approved
The Competition Bureau has approved the sale by Loblaw of ten Shoppers Drug Mart stores, pursuant to the March 2014 Consent Agreement that resolved the Bureau’s concerns about Loblaw’s acquistion of Shoppers Drug Mart. Seven stores will be sold to independent pharmacists operating under the McKesson banner and three will be sold to Pharmasave Drugs (Atlantic) Ltd. During the merger review process, the Competition Bureau examined the level of retail competition in each market where both a Loblaw-owned grocery store and a Shoppers Drug Mart were present and identified a total of 27 markets where the preservation of competition was a concern. In addition ... [more] Full article
Competition Bureau Clears Burger King-Tim Hortons Merger
Burger King’s purchase of Tim Hortons is unlikely to harm competition because there are many competitors in the fast food industry and low barriers for entry by new competitors, the ... [more] Full article
Sale Of 14 Transcontinental Community Newspapers Approved
The Competition Bureau has approved the sale of 14 Transcontinental Media community newspapers. Transcontinental Inc. originally proposed to acquire 74 community newspapers from Québecor Media Inc. To preserve competition and ... [more] Full article
Sixth auto parts fine brings total to over $51 million
DENSO Corporation recently pleaded guilty to three counts of bid-rigging under the Competition Act and was fined $2.45 million, the Competition Bureau announced recently. DENSO was involved in an international ... [more] Full article