Competition Act

Sienna Senior Living Announces New Acquisitions and $75 Million Bought Deal Public Offering of Common Shares

Retrieved on: 
Monday, February 28, 2022
Long-term care, SIA, Compliance, Government, SEDAR, Failure, NOT, COVID-19, Company, IFRS, WIRE, Competition Act, TSX, Toronto Stock Exchange, Partnership, Prospectus, Ontario Ministry of Citizenship and Immigration, Sale, TD, Risk factor, Offering, Leadership, The Competition Act, 2002, CEO, Willson's Woods Park, Greater Toronto Area, International, Risk, Vaccine, Indian stock exchange, Forward-looking statement, IL, GLOBE, Ownership, Camilla Care Community, Underwriting, International Financial Reporting Standards, Acquisition, News, FOR, Saskatchewan Health Authority, Marketing, Ministry of Long-Term Care (Ontario), MD, Individual, Security (finance), Bank, Life insurance, Risk management, U.S, Sienna, Mergers and acquisitions

MARKHAM, Ontario, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX:SIA) provided an update on the Company's acquisition activity and announced today the launch of a $75 million equity offering, on a bought deal basis.

Key Points: 
  • Sienna intends to act as manager of the property and earn a management fee.
  • If the Over-Allotment Option is exercised in full, the gross proceeds to the Company will be approximately $86 million.
  • The Company intends to use the net proceeds of the Offering and any Over-Allotment Option to partially fund the Acquisitions and pay the Company's expenses of the Acquisitions.
  • Sienna Senior Living Inc. (TSX:SIA) offers a full range of seniors' living options, including independent living, assisted living, long-term care, and specialized programs and services.

Inseego Corp. Statement on Passage of the America COMPETES Act

Retrieved on: 
Wednesday, February 9, 2022
Mobile, Wireless, Technology, Telecommunications, Public Policy, Government, Software, Networks, Internet, White House, Federal Government, State, Local, Data Management, Industry, Corp, Solution, Software as a service, Internet, Technology, Competition Act, Electoral History of the Conservative Party of New York State (U.S. House Results), RAN, Open, Ecosystem, Nasdaq, Legislation, Congress, Representative, America COMPETES Act, OPRC, Internet service provider

Inseego Corp., a leader in 5G and intelligent device-to-cloud solutions, applauds the U.S House of Representatives on its passage of the America COMPETES Act, which contains important measures to improve U.S. supply chain resiliency, including funding for Open Radio Access Network (RAN) innovation.

Key Points: 
  • Inseego Corp., a leader in 5G and intelligent device-to-cloud solutions, applauds the U.S House of Representatives on its passage of the America COMPETES Act, which contains important measures to improve U.S. supply chain resiliency, including funding for Open Radio Access Network (RAN) innovation.
  • We commend the U.S. Congress for its commitment to American leadership in 5G through both the America COMPETES Act and the United States Innovation and Competition Act (USICA), said Inseego Chairman and CEO Dan Mondor, and we encourage Congress to reconcile differences in the bills and enact this important legislation.
  • Open RAN technology will enable continuous innovation the engine of our economy and, together with other provisions in these Acts, will help make America more competitive and more secure.
  • Designed and developed in the USA, Inseego products and SaaS solutions build on the companys patented technologies to provide the highest quality wireless connectivity for service providers, enterprises, and government entities worldwide.

U.S. House Passes America COMPETES Act, Including Three Plumbing Manufacturers International-Backed Provisions

Retrieved on: 
Tuesday, February 8, 2022
Other Policy Issues, Labor, Natural Resources, Congressional News, Views, Other Energy, Public Policy, Government, Utilities, Engineering, Energy, Manufacturing, Logistics, Supply Chain Management, Law Enforcement, Emergency Services, Transport, Specialty, Supply Chain Management, Online Retail, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Urban Planning, Construction & Property, Hardware, Retail, Landscape, Technology, Home Goods, Architecture, Building Systems, White House, Federal Government, State, Local, Other Natural Resources, Public Policy, National Institute of Standards and Technology, America's Healthy Future Act, INFORM, Plumbing Manufacturers International, Senate, National Institute, Federal Maritime Commission, Research, Sale, Efficiency, Congestion, House, NIST, Safety, Competition Act, United, PMI, Association, Water, Louisiana House of Representatives, Representative, America COMPETES Act, Public health, TEL, Online shopping, Bottled water, Technology

Three provisions actively supported by Plumbing Manufacturers International (PMI) have been included in the America COMPETES Act passed by the U.S. House of Representatives last Friday.

Key Points: 
  • Three provisions actively supported by Plumbing Manufacturers International (PMI) have been included in the America COMPETES Act passed by the U.S. House of Representatives last Friday.
  • The three provisions are the National Institute of Standards and Technology (NIST) reauthorization, the INFORM Consumers Act, and the Ocean Shipping Reform Act.
  • Included in the House bill are the following key provisions of importance to plumbing manufacturers:
    The National Institute of Standards and Technology (NIST) for the Future Act reauthorizes NIST funding authorizations for FY22-FY26.
  • Plumbing Manufacturers International (PMI) is the trade association of plumbing product manufacturers that produce more than 90% of the United States plumbing products, represent more than 150 iconic brands, and develop safe, reliable and innovative water-efficient plumbing technologies.

Senator Richard Blumenthal Visits Infinity Fuel Cell and Hydrogen™, Inc. to Advocate for the U.S. Innovation and Competition Act

Retrieved on: 
Tuesday, February 8, 2022
Aerospace, Alternative Energy, Manufacturing, Energy, Engineering, Hydrogen, D-CT, Industry, Contract, Semiconductor, Multimedia, Competition, Electronics, Competition Act, Smith, Infinity, Oxygen, Learning, CEO, Electrolysis, Renewable energy

Senator Richard Blumenthal (D-CT) today visited Infinity Fuel Cell and Hydrogen, Inc. , at its offices in Windsor, CT.

Key Points: 
  • Senator Richard Blumenthal (D-CT) today visited Infinity Fuel Cell and Hydrogen, Inc. , at its offices in Windsor, CT.
  • The act allocates funds to help alleviate supply chain issues that are impacting companies like Infinity in Connecticut and around the country, and foster breakthrough innovation.
  • View the full release here: https://www.businesswire.com/news/home/20220207005987/en/
    Infinity lead systems engineer, Karen Murdoch, discusses the companys hydrogen fuel cell technology with U.S.
  • Infinity founder and CEO, Bill Smith, greeted Senator Blumenthal and acknowledged the effect of supply bottle necks on the company.

Extendicare Announces Agreement to Sell Esprit Retirement Communities

Retrieved on: 
Thursday, February 3, 2022
Zenith Contract Services, Growth, Retirement, Portfolio, CEO, Forward-looking statement, Sale, NASDAQ, Long-term care, Saskatchewan Health Authority, Technology, Competition Act, Population, Partnership, TSX, Company, Health, LLP, GLOBE, Tax, News, Investment, Financial Competitive Act of 2013, GAAP, NOI, Health insurance, Bank, Transaction, Esprit, Extendicare

We are pleased with the value we will realize on our retirement living investment.

Key Points: 
  • We are pleased with the value we will realize on our retirement living investment.
  • We extend our appreciation to the staff of our Esprit communities who demonstrated a steadfast commitment to providing outstanding care throughout the pandemic, added Guerriere.
  • CBRE Capital Markets is acting as financial advisor to Extendicare and Bennett Jones LLP is acting as legal advisor to Extendicare in connection with the Transaction.
  • Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, Esprit Lifestyle, ParaMed, Extendicare Assist, and SGP Purchasing Partner Network brands.

Sienna Senior Living Announces Significant Expansion of Ontario Retirement Portfolio and Entry Into Saskatchewan Retirement Market Through the Formation of a Strategic Joint Venture

Retrieved on: 
Thursday, February 3, 2022
Growth, Saskatchewan Health Authority, Sabra, Retirement, Government, Forward-looking statement, Torys, Sale, Camilla Care Community, Long-term care, International Financial Reporting Standards, COVID-19, Competition Act, International, SIA, TSX, TD, Company, IFRS, Risk, Greater Toronto Area, News, The Competition Act, 2002, Income, NOI, Bank, Risk management, Audit, Sienna, Portfolio, Acquisition

In addition, the Portfolio offers a suite of extensive and sought-after amenities and services, such as movie theatres, fitness centres and spas.

Key Points: 
  • In addition, the Portfolio offers a suite of extensive and sought-after amenities and services, such as movie theatres, fitness centres and spas.
  • The Acquisition represents a rare opportunity for Sienna to enter the Saskatchewan seniors living market with four desirable retirement residences, achieving immediate scale and providing a platform for future growth.
  • Saskatchewan's growing retirement-aged population, solid market fundamentals, workforce productivity and influx of capital investment all make this an attractive new market.
  • Sienna Senior Living Inc. (TSX:SIA) offers a full range of seniors' living options, including independent living, assisted living, long-term care, and specialized programs and services.

HOFFA: TEAMSTERS LAUD THE AMERICA COMPETES ACT

Retrieved on: 
Wednesday, January 26, 2022
International Brotherhood of Teamsters, United States House Committee on Ways and Means, America COMPETES Act, Democrat, Senate, Competition Act, United States House Ways and Means Subcommittee on Trade, Legislation, Twitter, Ways and means committee, House, Man, Facebook, Woman, Face, TAA, Online gambling, Renewable energy

WASHINGTON, Jan. 26, 2022 /PRNewswire/ --The following is a statement from Teamsters General President Jim Hoffa on the introduction of the America COMPETES Act, the House's counterpart to the U.S.

Key Points: 
  • WASHINGTON, Jan. 26, 2022 /PRNewswire/ --The following is a statement from Teamsters General President Jim Hoffa on the introduction of the America COMPETES Act, the House's counterpart to the U.S.
  • Innovation and Competition Act, which the Senate passed in June.
  • Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico.
  • Follow us on Twitter @Teamsters and "like" us on Facebook at www.facebook.com/teamsters .

CPL Interiors fined $761,967 after pleading guilty in GTA condo refurbishment bid-rigging scheme

Retrieved on: 
Monday, January 17, 2022
Greater Toronto Area, Competition Act, CPL, Competition Bureau, Contract, Bureau, Ontario Superior Court of Justice, Competition, Cryptocurrency, Auction, Private investigator, QC

GATINEAU, QC, Jan. 17, 2022 /CNW/ - Construction company CPL Interiors Ltd. was fined $761,967 today after pleading guilty before the Ontario Superior Court for its role in a criminal bid-rigging conspiracy.

Key Points: 
  • GATINEAU, QC, Jan. 17, 2022 /CNW/ - Construction company CPL Interiors Ltd. was fined $761,967 today after pleading guilty before the Ontario Superior Court for its role in a criminal bid-rigging conspiracy.
  • Following a Competition Bureau investigation, criminal charges were laid in March 2021 against CPL Interiors as well as three other companies and their owners.
  • CPL Interiors received leniencyin sentencing for its full cooperation throughout the Bureau's investigation and its agreement to testify in any resulting prosecutions.
  • CPL Interiors Ltd. pleaded guilty under the conspiracy provision of the Competition Act and was fined $761,967 by the Ontario Superior Court.

Keurig Canada to pay $3 million penalty to settle Competition Bureau's concerns over coffee pod recycling claims

Retrieved on: 
Thursday, January 6, 2022
Competition, Competition Act, Competition Tribunal, Recycling, Honda Canada Inc., Social media, Keurig, Partnership, Bureau, Competition Bureau, Coffee, Public relations, QC

The Bureau's investigation concluded that Keurig Canada's claims regarding the recyclability of its single-use coffee pods are false or misleading in areas where they are not accepted for recycling.

Key Points: 
  • The Bureau's investigation concluded that Keurig Canada's claims regarding the recyclability of its single-use coffee pods are false or misleading in areas where they are not accepted for recycling.
  • The Bureau found that, outside the provinces of British Columbia and Quebec, K-Cup pods are currently not widely accepted in municipal recycling programs.
  • The Bureau also concluded that Keurig Canada's claims about the steps involved to prepare the pods for recycling are false or misleading in certain municipalities.
  • The settlement also covers recyclability claims made on packages of K-cup pods for brands marketed in partnership with Keurig Canada.

Competition Bureau obtains court orders to advance an investigation of a proposed transaction between the only two container terminal operators at the Port of Halifax

Retrieved on: 
Monday, December 6, 2021
Competition Bureau, Review, Competition Tribunal, Federal court, Acquisition, PSA, Federal Court of Canada, Competition Act, Competition, Record, Section 11 of the Canadian Charter of Rights and Freedoms, Port, Port of Halifax, Private investigator, Retail

GATINEAU, QC, Dec. 6, 2021 /CNW/ -The Competition Bureau has obtained court orders from the Federal Court of Canada to advance an investigation into PSA Canada Ventures Ltd.'s proposed acquisition of Ceres Halifax Inc.

Key Points: 
  • GATINEAU, QC, Dec. 6, 2021 /CNW/ -The Competition Bureau has obtained court orders from the Federal Court of Canada to advance an investigation into PSA Canada Ventures Ltd.'s proposed acquisition of Ceres Halifax Inc.
  • PSA and Ceres Halifax are the only two container terminal operators at the Port of Halifax.
  • The Bureau is investigating whether the proposed transaction is likely to result in a substantial lessening or prevention of competition for marine carriers that make port calls at the Port of Halifax.
  • Under the Competition Act, the Competition Bureau has a mandate to review mergers to determine whether they are likely to result in a substantial lessening or prevention of competition.