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ARTICLE · 13 FEBRUARY 2012

Competition Bureau Announces 2012 "Transaction-Size" Threshold

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On February 7, 2012, the Canadian Competition Bureau announced that the pre-merger notification transaction-size threshold for 2012 will be C$77 million, an increase of C$4 million over the 2011 threshold of C$73 million.

CanadaAntitrust/Competition Law

On February 7, 2012, the Canadian Competition Bureau announced that the pre-merger notification transaction-size threshold for 2012 will be C$77 million, an increase of C$4 million over the 2011 threshold of C$73 million.  The change is expected to take effect on February 11, 2012.

In Canada, the Competition Bureau must generally be given advance notice of proposed transactions if both of the following thresholds are exceeded:

  • Party Size:  The parties, together with their affiliates, have assets in Canada or annual gross revenues from sales in, from (exports) or into (imports) Canada that exceed C$400 million; and
  • Transaction Size: The aggregate value of the assets in Canada to be acquired or the annual gross revenues from sales in or from Canada generated by such assets, exceeds an amount that increases annually in relation to GDP (which will be C$77 million in 2012, once the announced increase takes effect).

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