2021 Canadian Merger Notification And Investment Canada Act Review Thresholds Decrease - Anti-trust/Competition Law
The 2021 updates to the merger thresholds under Canada's Competition Act and for the first time , the Competition Act's size-of target threshold decreased by C$3 million to C$93 million. Competition Act The Competition Act requires advance notification of certain merger transactions involving operating businesses in Canada where "size-of-parties" and "size-of-target" financial tests both are exceeded: The "size-of-target" test requires that the value of assets in Canada to be acquired, or owned by the corporation the shares of which are being acquired, or the annual gross revenue from sale...