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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.