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 $88 million or more.