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 and Vancouver, retaining Recall assets only in Kitchener, Winnipeg, Halifax and Victoria. Although it was not a notifiable transaction under the Competition Act, the Bureau reviewed the proposed merger of Canada’s two largest records management companies under its general mandate to determine whether it would likely result in a substantial lessening or prevention of competition in the market for business records management. This global $2.6 billion transaction was also reviewed by competition authorities around the ... [more] Full article