Loblaws and Shoppers Divestitures Approved
The Competition Bureau has approved plans by Canadian grocery giant Loblaw Companies Limited to divest nine in-store pharmacies to Remedy’s Rx, two grocery stores to Metro Inc., and two Shoppers Drug Mart pharmacies to the Jean Coutu Group. The divestitures are pursuant to a March 2014 Consent Agreement between Loblaw and the Commissioner of Competition that resolved the Bureau’s concerns with Loblaw’s acquisition of Shoppers Drug Mart Corporation. Loblaw still has to sell another 14 stand-alone retail outlets, as the Consent Agreement does not permit them simply to be closed. The Bureau expressed the hope that these divestitures will remedy the ... [more] Full article
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 ... [more] Full article
Business Directory Scammer Sentenced
One of four participants in a business directory scam targeting businesses and non-profit organizations in Canada and the United States was sentenced to 18 months in prison by the Quebec Provincial Court after pleading ... [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