Canada:
Pre-merger Notification Threshold Raised To $87m For 2016
15 February 2016
Affleck Greene McMurtry LLP
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The pre‑merger notification threshold relating to
transaction‑size will be $87 million in 2016, up from $86
million last year, the Competition Bureau announced recently.
Mergers are only notifiable if three threshold tests are
met:
- Transaction type:
the transaction must involve an "operating business in
Canada". Transactions can take various forms, for
example, acquisitions of assets or shares, amalgamations,
combinations, etc.
- Party size: the
Canadian assets or sales of all parties and their affiliates must
be $400 million or more.
- Transaction size:
the target must have Canadian assets or sales of $87
million or more.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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