See Chinese version below
[中文版参阅下文].
A transaction must typically be pre-notified to the Canadian
Commissioner of Competition if both (i) the combined assets in
Canada or gross revenues from sales in, from and into Canada of the
acquirer and the target (as shown on their latest audited financial
statements), together with their affiliates, exceed C$400 million
and (ii) the assets in Canada or revenues in and from Canada of the
target's business exceed C$96 million (2020). The transaction
cannot be completed until the appropriate clearance is obtained
(either by the expiry of the applicable waiting period or if an
exemption is obtained).
Because the Commissioner of Competition can challenge an
anti-competitive transaction for up to one year after closing, the
parties will not normally complete a transaction until the
Commissioner and his staff complete their antitrust review and
notify the parties that the merger will not be challenged. The
review process can range
