Competition Act

GFL Environmental Inc. Responds to Filing by Competition Bureau

Retrieved on:

Wednesday, December 1, 2021

Acquisition, Soil, Company, Commissioner, NYSE, GFL, Competition Bureau, Competition Act, Application, Competition, TSX, The Company, The Competition Act, 2002, Civil engineering

VAUGHAN, ON, Dec. 1, 2021 /PRNewswire/ -GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") is aware that the Commissioner of Competition has filed an application (the "Application") challenging certain aspects of the Company's acquisition of Terrapure Environmental Ltd. (the "Acquisition").

Key Points:

VAUGHAN, ON, Dec. 1, 2021 /PRNewswire/ -GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") is aware that the Commissioner of Competition has filed an application (the "Application") challenging certain aspects of the Company's acquisition of Terrapure Environmental Ltd. (the "Acquisition").
In response to the Application, GFL notes the following:
The Acquisition closed on August 17, 2021, following the expiration of the statutory waiting period under the Competition Act (Canada).
GFL intends to work cooperatively with the Competition Bureau to resolve this matter.
Across its organization, GFL has a workforce of more than 17,000 employees.

Cenovus announces asset sales of nearly $660 million

Retrieved on:

Tuesday, November 30, 2021

With these latest transactions, we now expect to realize more than $1.1 billion of total proceeds from sales announced in 2021.

Key Points:

With these latest transactions, we now expect to realize more than $1.1 billion of total proceeds from sales announced in 2021.
Cenovus has reached agreements to sell 337 gas stations in its Husky retail fuels network to Parkland Corporation and Federated Co-operatives Limited for total cash proceeds of $420 million.
Cenovus is retaining its commercial fuels business, which includes approximately 170 cardlock, bulk plant and travel centre locations.
Total production from this asset averaged approximately 3,200 barrels of oil equivalent per day in 2021, with about 38% oil and natural gas liquids.

PrairieSky Royalty Announces Agreement to Acquire Western Canadian Royalty Assets from Heritage Royalty for $728 Million and Concurrent Financing Transactions

Retrieved on:

Monday, November 29, 2021

Including the proposed Acquisition, PrairieSky has successfully added approximately 3.0 million acres of incremental royalty lands, predominantly fee mineral title, to our business in 2021."

Key Points:

Including the proposed Acquisition, PrairieSky has successfully added approximately 3.0 million acres of incremental royalty lands, predominantly fee mineral title, to our business in 2021."
Adds 2,700 BOE per day of current royalty production volumes which are expected to generate approximately $65 million of royalty production revenue in 2022.
The Acquisition adds 2,400 barrels of oil per day, increasing PrairieSkys oil royalty production by over 30%.
PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties.

Lithium Americas Enters into Definitive Agreement to Acquire Millennial Lithium

Retrieved on:

Wednesday, November 17, 2021

Based on Lithium Americas closing price on November 16, 2021, this consideration would result in Millennial Shareholders owning approximately 9.1% of Lithium Americas.

Key Points:

Based on Lithium Americas closing price on November 16, 2021, this consideration would result in Millennial Shareholders owning approximately 9.1% of Lithium Americas.
Lithium Americas brings significant technical expertise and financial flexibility de-risking the development of Pastos Grandes and generating further upside for Millennial Shareholders.
By having the ability to receive Lithium Americas Shares, Millennial shareholders (Millennial Shareholders) will have an opportunity to participate in any potential increase in the value of Lithium Americas after Closing.
Based on Lithium Americas closing price on November 16, 2021, the LAC Arrangement Agreement minimizes the dilution to Lithium Americas shareholders providing Millennial Shareholders approximately 9.1% of Lithium Americas.

Domtar, Paper Excellence Merger Receives Canadian Competition Bureau Approval

Retrieved on:

Thursday, November 18, 2021

Forest Products, Natural Resources, Other Manufacturing, Manufacturing, Excellence, Thompson Okanagan Junior Lacrosse League, Competition Act, UFS, Paper Excellence, Multimedia, Mergers and acquisitions, Competition Tribunal, Competition, TSX, NYSE, Security (finance)

Paper Excellence B.V. (Paper Excellence) and Domtar Corporation (NYSE: UFS) (TSX: UFS) jointly announced that they have received Canadian Competition Act approval for their business combination whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021 (the Merger).

Key Points:

Paper Excellence B.V. (Paper Excellence) and Domtar Corporation (NYSE: UFS) (TSX: UFS) jointly announced that they have received Canadian Competition Act approval for their business combination whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021 (the Merger).
This press release features multimedia.
View the full release here: https://www.businesswire.com/news/home/20211118006347/en/
The consent agreement filed by the Canadian Commissioner of Competition (Commissioner) with the Competition Tribunal today fulfills the final condition to the closing of the Merger.
The transaction remains on course to close in the fourth quarter of this year.

Competition Bureau seeks information from market participants to advance investigation of Rogers' proposed acquisition of Shaw

Retrieved on:

Tuesday, September 28, 2021

Bell, Human, Battle Dress Uniform, Internet access, Competition Bureau, Competition Act, Television, Communication, OTT, Acquisition, TELUS, Telecommunication, Trade secret, Biuletyn Informacyjny, Telephone, RFI, Wireless, Cable television, Mobile phone

GATINEAU, QC, Sept. 28, 2021 /CNW/ - The Competition Bureau has issued a request for information (RFI) to help gather facts about Rogers' proposed acquisition of Shaw.

Key Points:

GATINEAU, QC, Sept. 28, 2021 /CNW/ - The Competition Bureau has issued a request for information (RFI) to help gather facts about Rogers' proposed acquisition of Shaw.
The RFI which highlights the areas of interest to the Bureau invites market participants and Canadians to submit relevant information to assist the Bureau with its investigation.
The Bureau is seeking information to further assess potential impacts on competition in the following areas:
The Bureau encourages all those with relevant information to share this information with the Bureau by October 29, 2021.
The Bureau is using all of the tools at its disposal to advance its investigation.

SkyWater Hosts Minnesota Governor Tim Walz and Department of Employment and Economic Development Commissioner Steve Grove

Retrieved on:

Friday, September 17, 2021

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it hosted Minnesota Governor Tim Walz and Department of Employment and Economic Development Commissioner Steve Grove at its Bloomington, Minnesota headquarters on September 16, 2021 for a facility tour and press conference to highlight the importance of manufacturing in Minnesotas economic expansion.

Key Points:

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it hosted Minnesota Governor Tim Walz and Department of Employment and Economic Development Commissioner Steve Grove at its Bloomington, Minnesota headquarters on September 16, 2021 for a facility tour and press conference to highlight the importance of manufacturing in Minnesotas economic expansion.
Innovation and Competition Act, Governor Walz said, There is a piece of legislation in the Federal government that we are fully supportive of.
It will require the state of Minnesota to come in as partners, and we are fully committed to making sure that happens.
At the press conference, Sonderman said, We were delighted to host Governor Walz and Commissioner Grove at SkyWater to demonstrate our efforts to strengthen Americas manufacturing industry and workforce.

METRO Reports 2021 Third Quarter Results

Retrieved on:

Wednesday, August 11, 2021

As at July30, 2021, the Corporation has repurchased 5,875,000 Common Shares at an average price of $56.78, for a total consideration of $333.6million.

Key Points:

As at July30, 2021, the Corporation has repurchased 5,875,000 Common Shares at an average price of $56.78, for a total consideration of $333.6million.
On August10,2021, the Board of Directors declared a quarterly dividend of $0.25 per share, the same amount declared last quarter.
Financial analysts and institutional investors are invited to participate in a conference call for the 2021third quarter results at 9:00 a.m. (EDT) today, August 11, 2021.
Notice to readers:METRO INC. third quarter of 2021 interim condensed consolidated financial statements and management's discussion and analysis are available on the Internet at www.metro.ca - Corporate Site - Investor Relations - 2021 QuarterlyResults - 2021Third QuarterResults.

RIV Capital Announces US$150 Million Strategic Investment by The Hawthorne Collective, a Subsidiary of The Scotts Miracle-Gro Company

Retrieved on:

Tuesday, August 10, 2021

The Investment establishes RIV Capital as The Hawthorne Collective's preferred vehicle for investments not currently under the purview of The Hawthorne Gardening Company.

Key Points:

The Investment establishes RIV Capital as The Hawthorne Collective's preferred vehicle for investments not currently under the purview of The Hawthorne Gardening Company.
"The Investment opens opportunities for considerable value creation and growth for RIV Capital, including potential access to additional capital that will accelerate our platform's growth.
On closing of the Investment, RIV Capital will also expand its Board of Directors (the "Board") to seven seats and add three ScottsMiracle-Gro nominees alongside the existing RIV Capital directors.
Become The Hawthorne Collective's preferred vehicle for investments that are not currently under the purview of The Hawthorne Gardening Company.

Competition Bureau obtains court orders to advance investigation of Rogers' proposed acquisition of Shaw

Retrieved on:

Thursday, August 5, 2021

Shaw Communications, Record, Bureau, Competition, Bell, Competition Act, Competition Tribunal, Competition Bureau, BCE Inc., Telus Corporation, Federal Court of Canada, Review, Telus, Federal court, Acquisition, Retail, Medical device

GATINEAU, QC , Aug. 5, 2021 /CNW/ -The Competition Bureau has obtained court orders to advance its review of the proposed acquisition of Shaw Communications Inc. by Rogers Communications Inc.

Key Points:

GATINEAU, QC , Aug. 5, 2021 /CNW/ -The Competition Bureau has obtained court orders to advance its review of the proposed acquisition of Shaw Communications Inc. by Rogers Communications Inc.
The Bureau is investigating whether the proposed transaction is likely to result in a substantial lessening or prevention of competition for services provided by the companies, including mobile wireless, wireline and broadcasting services.
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.
If the Bureau determines that a merger is likely to substantially lessen or prevent competition, it may apply to the Competition Tribunal for an order under section 92 of the Competition Act to prevent, dissolve or alter the merger.