Canada:
Competition Bureau Raises "Size Of Target" Merger Threshold
31 March 2011
Stikeman Elliott LLP
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The Competition Bureau announced
today that the threshold for the size of the
assets or revenues of the "target" of acquisitions
involving businesses in Canada will increase to $73 million. The
change will take place following publication in the Canada
Gazette, which is expected to take place on
February 12, 2011. Generally speaking, transactions involving
parties whose combined assets in Canada or revenues in, from or
into Canada (including those of affiliates) exceeds C$400 million
must be notified in advance of closing to the Competition Bureau,
if the business in Canada has assets in Canada or revenues
generated therefrom exceeding the "size of target"
threshold. This threshold may be modified annually under the
indexing provisions of the Competition
Act.
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