Antitrust Law Daily Wrap Up, ANTITRUST NEWS: Canada Competition Bureau requests comments on proposed Groupe Archambault acquisition, (Jul 23, 2015)
By Michael Menzhuber, J.D., LL.M.
On May 19, 2015, Québecor announced that it had agreed to sell the Groupe Archambault retail business to Renaud-Bray. The sale would include 14 Archambault retail stores, the archambault.ca web portal, and Paragraphe, an English-language bookstore. The Canada Competition Bureau is currently reviewing the proposed acquisition to determine whether it will raise competition issues and is inviting Canadians who wish to share their views regarding this transaction to send their comments via a form on the Bureau’s website.
Under the Competition Act, the Bureau has a mandate to review mergers to determine whether they are likely to result in a substantial lessening or prevention of competition. This process allows the Bureau to gather information to further investigate mergers to determine whether they could have a significant impact on Canadian consumers or businesses.
News: Antitrust