Canadian Watchdog Raises Bar On Merger Notices

Law360, New York (February 7, 2012, 2:38 PM EST) -- Canada's antitrust watchdog will soon raise the threshold on the size of proposed mergers that require submission to the regulator for review, the federal agency said Tuesday.

Under the new rules, expected to take effect Feb. 11, the Canadian Competition Bureau would require parties in a transaction to notify the agency if a target company has Canadian-based assets or revenue valued in excess of CA$77 million (US$77.4 million). The threshold is currently CA$73 million (US$73.4 million). Notification would also be required when a transaction's total combined...
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