OTTAWA, February 7, 2012 — The Competition Bureau announces that the pre-merger notification transaction-size threshold for 2012 will increase to $77 million from the 2011 threshold of $73 million.
The 2012 threshold will come into effect immediately following publication in the Canada Gazette Part 1, which we anticipate will occur on February 11, 2012.
Once the 2012 threshold is in effect, the Competition Bureau must generally be given advance notice of proposed transactions when the assets in Canada or revenues of the target firm generated in or from Canada exceed $77 million, and when the combined Canadian assets or revenues of the parties and their respective affiliates in, from or into Canada exceed $400 million. As per the indexing mechanism set out in the Competition Act, the pre-merger notification threshold is reviewed annually.
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
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