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AGM :: Affleck Greene McMurtry LLP

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Affleck Greene McMurtry LLP
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Merger Notification Threshold Raised to $88m

Competition Bureau reviews mergers above certain thresholds to detect anti-competitive mergers

The pre‑merger notification threshold relating to transaction‑size will be $88 million in 2017, up from $87 million last year, the Competition Bureau announced recently.

Mergers are only notifiable if three threshold tests are met:

  1. 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.
  2. Party size: the Canadian assets or sales of all parties and their affiliates must be $400 million or more.
  3. Transaction size: the target must have Canadian assets or sales of $88 million or more.

W. Michael G. Osborne
Affleck Greene McMurtry LLP

W. Michael G. Osborne

Michael leads Affleck Greene McMurtry LLP's competition team. He also practices commercial litigation and arbitration. Michael represents clients involved in business disputes, and defends clients facing competition law investigations, prosecutions, and class actions.

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