Competition Bureau Issues Consent Agreement Template
The Competition Bureau has released a template for merger consent agreements, with the intention of providing more transparency and predictability to businesses engaged in the merger review process. The consent agreement template sets out the key provisions that the Bureau deems necessary to address the competitive issues before approving the transaction. When the Bureau is concerned about the potential anti-competitive effects of a proposed merger, it can opt to negotiate a consent agreement instead of challenging the transaction in a contested proceeding. A consent agreement sets out a list of actions that parties to the merger will implement in order to remedy the anti-competitive effects of the transaction, which typically include a divestiture of assets. Once the ... [more] Full article
Canadian chemical merger abandoned after FTC challenge
Superior Plus Corp. abandoned plans to buy rival chemical manufacturer Canexus Corporation after the US Federal Trade Commission challenged the merger. Both the FTC and the Canadian Competition Bureau concluded ... [more] Full article
Bureau Remedies Allergan Acquisition
In a consent agreement reached with the Competition Bureau, Teva Pharmaceutical Industries Ltd. has agreed to divest assets related to two pharmaceutical products in order to complete its acquisition of ... [more] Full article
Bureau Moves Iron Mountain in Recall Acquisition
Iron Mountain Inc. agreed to divest assets and customer contracts in 6 of the 10 markets where its acquisition target, Recall Holdings, operates. Iron Mountain will divest assets in Toronto, Montreal, Ottawa, Calgary, Edmonton ... [more] Full article
Mergers Contributors
Masiel A. Matus
Masiel has a broad commercial litigation practice and represents both national and international clients in a variety of complex matters. Masiel has experience litigating cases involving professional negligence, commercial leasing and real property disputes, insurance, contract disputes, shareholder disputes, fraud, breach of fiduciary duty, breach of trust, employment matters and defamation claims.
John Rook
John F. Rook, KC, is a senior Canadian litigation lawyer with over 50 years of experience in competition law, commercial disputes, and administrative law. He is recognized as a leading competition litigator and has appeared before Canada’s Supreme Court and key tribunals.
David N. Vaillancourt
David's practice expertise focuses on all matters of Commercial and Civil Litigation, Competition and Administrative Law. David has acted for clients in a wide range of disputes, including shareholder and partnership disputes, securities litigation, class action defence, proceedings under the Competition Act, employment law disputes, contract disputes, breach of confidence/intellectual property disputes, fidelity bond claims, and professional negligence claims. David has appeared before all levels of court in Ontario, including the Court of Appeal for Ontario, and has also appeared before the Competition Tribunal and the Federal Court of Appeal. David has appeared as lead counsel in numerous trials, hearings, and motions. David has been successful in numerous adversarial proceedings, and also has successfully negotiated the resolution of dozens of cases.
