Aircraft part maker merger cleared
The Competition Bureau announced on July 26, 2012, that it would allow United Technology Corporation to buy Goodrich Corporation. Both UTC and Goodrich make parts for aircraft, and the Bureau’s analysis found that overlap between the two companies would lessen competition in markets for electrical generators and engine controls. However, UTC and Goodrich agreed with US and EU competition authorities to divest certain electrical generator and engine control manufacturing in the US, Europe, and Canada. The remedies obtained by the US and EU authorities were sufficient, in the Bureau’s view. UTC owns a number of companies that are household names, ... [more] Full article
Maple Approval Leaves Canada with Regulated Monopoly Stock Exchange
In a surprise move, the Competition Bureau cleared the Maple Group's bid to acquire TMX Group, Alpha Group, and Canadian Depository Services on July 4, 2012. On the same day, the OSC issued a recognition order regulating the Maple Group. These approvals leave Canada with one stock exchange that will operate as a regulated monopoly. [more] Full article
Competition Law Review
Review of major Canadian Competition Law developments over the past year, including: Criminal, Reviewable Matters, Mergers, Marketing Practices, Private Enforcement, The Long Arm of US Antitrust, Across the Pond Top Stories
- Can indirect purchasers sue for price-fixing losses?
- Bureau reverses the charges on hidden fees
- Court throws the book at Yellow Page business directory scam
Pre-merger notification transaction size threshold increased to $77m
The Competition Bureau announced on February 7, 2012, that the pre-merger notification transaction size threshold will increase to $77 million, likely as of February 11, 2012. The party size threshold ... [more] Full article