By Johan Coetzee on Posted in Competition Litigation,Merger Notification & ReviewThe South African Competition Commission has since the beginning of 2017 prohibited eleven intermediate mergers and has recommended that four large mergers be prohibited. This number is substantially higher than 2016, when the Commission prohibited three intermediate mergers and recommended that one large merger be prohibited. For the period end of September to October 2017,… Continue Reading
By Stephen Langbridge on Posted in Competition Compliance Programs,Merger Notification & ReviewMerger clearance in South Africa is not easy, nor quick. That may be a take-away from observing the recent clearance by the South African authorities of the DowDuPont global merger of equals covering markets for agricultural products, material sciences and chemicals as well as specialized health and electrical products. The merger was cleared some 15… Continue Reading
By Huy A. Do and Grant LoPatriello on Posted in Competition Litigation,Merger Notification & ReviewOn September 29, 2016, the Competition Bureau (the “Bureau”) released a revised consent agreement template for merger remedy negotiations. The release of the Bureau’s updated template is timely, as the number of consent agreements registered with the Competition Tribunal (the “Tribunal”) have risen significantly since the last template was published in 2007. This year alone,… Continue Reading
By Douglas C. New and Huy A. Do on Posted in Competition Litigation,Merger Notification & Review,Pricing and DistributionDespite the fact that Canada’s Competition Bureau had concluded that the proposed acquisition of Canexus Corporation by Superior Plus Corp. would likely result in a substantial lessening of competition for the supply of various industrial chemical products in Canada, the Bureau issued a “no action” letter clearing the transaction under the Competition Act because of… Continue Reading
By Devon Jenkins on Posted in Competition Compliance Programs,Merger Notification & ReviewThe Competition Commission of South Africa (“Commission”) has extended the deadline for the submission of comments on the recently published draft Guidelines on the assessment of public interest provisions in merger regulation under the Competition Act 89 of 1998 (“the Act”). Public interest clauses in competition law have been the cause of some controversy. Some… Continue Reading
By Huy A. Do, Anthony F. Baldanza and Douglas C. New on Posted in Merger Notification & ReviewIncreases to the merger notification thresholds under the Competition Act and the investment review threshold under the Investment Canada Act have been announced. Competition Act As published in Part I of the Canada Gazette on February 7, 2015, the pre-merger notification threshold relating to transaction-size for 2015 has increased to $86 million from the 2014 threshold of… Continue Reading
By Stephen Langbridge and Devon Jenkins on Posted in Competition Compliance Programs,Merger Notification & ReviewThe Common Market for Eastern and Southern Africa (COMESA) Competition Commission (CCC) is a regional regulator mandated with enhancing regional economic integration among the 19 Member States by promoting fair competition and securing consumer protection. The CCC published the long awaited Merger Assessment Guidelines on Friday, 31 October 2014. The purpose of the Guidelines is… Continue Reading
By Douglas C. New on Posted in Competition Compliance Programs,Merger Notification & ReviewIndustry Minister James Moore recently announced that he had given approval under the Investment Canada Act to the acquisition of majority control of WIND Mobile, a Canadian wireless telecommunications company, from WIND Mobile’s majority shareholder VimpelCom Ltd., a Russian-Dutch company, by AAL Acquisitions Corporation. AAL Acquisitions is an investment consortium reportedly including WIND Mobile founder… Continue Reading
By Leslie J. Milton on Posted in Merger Notification & ReviewOn October 1, 2014, the Competition Bureau (the “Bureau”) announced that Bell Aliant Regional Communications Inc. (“Bell Aliant”) had addressed the Bureau’s vertical foreclosure concerns regarding its proposed acquisition of O.N. Tel Inc. (“Ontera”). It did so by granting to Bragg Communications Inc. (“Eastlink”) a 20-year indefeasible right of use (IRU) of between two and… Continue Reading
By Stephen Langbridge on Posted in Competition Litigation,Merger Notification & ReviewCase Note: Tiger Equity (Pty) Ltd and Murray & Roberts (Pty) Ltd / Competition Commission Case 01974 The South African Competition Tribunal has made a very useful decision regarding the practical approach in determining whether a merger arises by way of a number of firms acquiring what would be joint control over a target firm.… Continue Reading
By Douglas C. New on Posted in Competition Compliance Programs,Foreign Investment,Merger Notification & ReviewSterigenics International Inc., a sterilization services company owned by US-based private equity firm GTCR LLC, recently announced that it had entered into a definitive agreement to acquire Nordion Inc. which is a major Canadian health science company with global operations that provide sterilization technologies and medical isotopes products and services for the prevention, diagnosis and… Continue Reading
By Huy A. Do, Anthony F. Baldanza and Douglas C. New on Posted in Foreign Investment,Merger Notification & ReviewIncreases to the merger notification thresholds under the Competition Act and the investment review threshold under the Investment Canada Act have been announced. Competition Act On January 20, 2014, the Competition Bureau announced that the pre-merger notification threshold relating to transaction-size for 2014 will increase to $82 million from the 2013 threshold of $80 million.… Continue Reading
