Merger Notification Threshold Raised To $88m

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Affleck Greene McMurtry LLP

Contributor

Affleck Greene McMurtry LLP represents businesses involved in complex litigation, competition law, and administrative proceedings in Canada. AGM’s clients include national and international financial institutions, investment houses, construction and mining companies, manufacturers, insurance companies, governments, and other medium- and large-sized enterprises.
The pre‑merger notification threshold relating to transaction‑size will be $88 million in 2017, up from $87 million last year, the Competition Bureau announced recently.
Canada Corporate/Commercial Law
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The pre‑merger notification threshold relating to transaction‑size will be $88 million in 2017, up from $87 million last year, the Competition Bureau announced recently.

Mergers are only notifiable if three threshold tests are met:

  1. Transaction type: the transaction must involve an "operating business in Canada". Transactions can take various forms, for example, acquisitions of assets or shares, amalgamations, combinations, etc.
  2. Party size: the Canadian assets or sales of all parties and their affiliates must be $400 million or more.
  3. Transaction size: the target must have Canadian assets or sales of $88 million or more.

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Merger Notification Threshold Raised To $88m

Canada Corporate/Commercial Law

Contributor

Affleck Greene McMurtry LLP represents businesses involved in complex litigation, competition law, and administrative proceedings in Canada. AGM’s clients include national and international financial institutions, investment houses, construction and mining companies, manufacturers, insurance companies, governments, and other medium- and large-sized enterprises.
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