Canada: Competition Bureau reaches interim agreement with AIM while it investigates acquisition of TMR
The Competition Bureau has reached an interim agreement with American Iron & Metal Company Inc. (AIM) to preserve specific assets while it pursues an investigation into AIM’s acquisition of Total Metal Recovery (TMR) Inc.
The Bureau is concerned that the transaction may result in a substantial lessening or prevention of competition in the purchase, collection and processing of scrap metal, and/or the supply of processed scrap metal in Quebec. AIM and TMR both operate neighbouring scrap metal facilities in the Montreal area.
Under the terms of the agreement registered with the Competition Tribunal, AIM is required to preserve the assets it will acquire from TMR for a period of 60 days. AIM must maintain the viability and marketability of these assets throughout this period.
Full Content: Canada
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI