The Competition Act, 2002

BELLUS Health Inc. Calls Special Shareholders’ Meeting in Connection with GSK Acquisition

Retrieved on: 
Tuesday, May 16, 2023
Biotechnology, General Health, Health, Pharmaceutical, Clinical Trials, GSK, LSE, The Competition Act, 2002, Competition Act, Superior court, ARC, Arrangement, Laval, Honda Canada Inc v Keays, Competition, Canada Business Corporations Act, GSK plc, California superior courts, SEDAR, Special, TSX, BLU, NYSE, Proxy, Broker, Security (finance), Management, Shareholder, Share (finance)

BELLUS Health Inc. (Nasdaq: BLU; TSX: BLU.TO) (“BELLUS” or the “Company”) today announced that the Superior Court of Québec has issued an interim order authorizing, among other things, the holding of a special meeting (the “Special Meeting”) of shareholders of BELLUS (“Shareholders”) on June 16, 2023.

Key Points: 
  • BELLUS Health Inc. (Nasdaq: BLU; TSX: BLU.TO) (“BELLUS” or the “Company”) today announced that the Superior Court of Québec has issued an interim order authorizing, among other things, the holding of a special meeting (the “Special Meeting”) of shareholders of BELLUS (“Shareholders”) on June 16, 2023.
  • Pursuant to the interim order, the Special Meeting will be held in person at 275 Armand-Frappier Blvd., Laval, Québec, H7V 4A7, on June 16, 2023, at 11:30 a.m. (Montréal time).
  • Shareholders of record as of the close of business on May 15, 2023 will be entitled to receive notice of, to participate in, and to vote at the Special Meeting.
  • Details on the Special Meeting and how Shareholders can attend the Special Meeting will be set out in the circular.

NFI Announces $150 Million Private Placement of Common Shares with Coliseum Capital Management

Retrieved on: 
Thursday, May 11, 2023
Minority, BMO Capital Markets, Partnership, MI, Private placement, Senior, The Competition Act, 2002, Private, Competition Act, Toronto Stock Exchange, Association for the Defense of Minority Shareholders, COVID-19, Disclosure, Effective interest rate, Person, Sale, Subscription business model, Investment, Hart–Scott–Rodino Antitrust Improvements Act, SEDAR, OTC, International investment agreement, Torys, TSX, Cornerstone, Multilateral, NFI, Security (finance), Share (finance), Colosseum

WINNIPEG, Manitoba, May 11, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that, as part of its previously-announced comprehensive refinancing plan, the Company has entered into an investment agreement (the “Investment Agreement”) with Coliseum Capital Management, LLC, as manager of certain funds and accounts (collectively, “Coliseum”), current holder of 12.4% of NFI’s issued and outstanding common shares (the “Shares”). Under the terms of the Investment Agreement, Coliseum has agreed to subscribe for and purchase from the Company an aggregate of 24,363,702 Shares, on a private placement basis, at a subscription price of $6.1567 (approximately C$8.251) per Share (the “Subscription Price”), for aggregate gross proceeds to NFI of $150,000,000 (approximately C$201,000,000) (the “Private Placement”).

Key Points: 
  • NFI intends to use the proceeds from the Private Placement to repay outstanding indebtedness under NFI’s existing credit facilities and for working capital and general corporate purposes.
  • A management information circular containing details of the Private Placement and voting instructions for shareholders will be mailed to shareholders as soon as practicable.
  • Coliseum, through the funds and accounts that it manages, owns, controls or directs greater than 10% of the outstanding Shares.
  • BMO Capital Markets is acting as financial advisor and private placement agent, Torys LLP is acting as legal counsel to NFI and Norton Rose Fulbright Canada LLP is acting as legal counsel to Coliseum in connection with the Private Placement.

Competition Bureau reaches agreement with Isologic to protect competition in healthcare

Retrieved on: 
Friday, March 24, 2023
Commissioner, Competition Tribunal, Radiopharmaceutical, SPECT, Competition Bureau, Competition, The Competition Act, 2002, QC, Competition Act, News, Medical imaging, Bureau, Isolog schools

GATINEAU, QC, March 24, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with Isologic Innovative Radiopharmaceuticals Inc. (Isologic) to address competition concerns with its contracting practices in the radiopharmaceutical industry.

Key Points: 
  • GATINEAU, QC, March 24, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with Isologic Innovative Radiopharmaceuticals Inc. (Isologic) to address competition concerns with its contracting practices in the radiopharmaceutical industry.
  • A Bureau investigation found that Isologic's contractual practices with certain customers contravened the abuse of dominance provisions of the Competition Act.
  • Isologic cooperated with the Bureau's investigation and agreed to resolve the Bureau's competition concerns by entering into a consent agreement.
  • Promoting and protecting competition and innovation in the Canadian health care sector is a key priority for the Competition Bureau.

Competition Bureau obtains court order to advance investigation into Dufresne Furniture's marketing practices

Retrieved on: 
Tuesday, November 22, 2022
Federal Court of Canada, Ashley HomeStore, The Competition Act, 2002, Bureau, Record, Competition Bureau, Marketing, Competition Act, Competition, Sale, Federal court, Appliance, Retail, Public relations

The Competition Bureau has obtained a court order to advance its inquiry into The Dufresne Group, Inc. and its affiliates, which operate through the retail banners Dufresne Furniture and Appliances and certain Ashley Furniture HomeStores in Canada.

Key Points: 
  • The Competition Bureau has obtained a court order to advance its inquiry into The Dufresne Group, Inc. and its affiliates, which operate through the retail banners Dufresne Furniture and Appliances and certain Ashley Furniture HomeStores in Canada.
  • The Bureau is looking to determine if their marketing practices raise concerns under the civil deceptive marketing provisions of the Competition Act.
  • The order grantedby the Federal Court of Canada on November 10, 2022, requires The Dufresne Group, Inc., and its affiliates (TDG Furniture, Inc., DFA Operations, Inc. and Furniture Investment Group, Inc.) to produce records and information relevant to the Bureau's investigation.
  • The misleading advertising provisions of the Competition Actprohibit making any kind of false or misleading claim to promote a product, service or business interest.

Semtech Corporation and Sierra Wireless Receive Second Requests from DOJ Under Hart-Scott-Rodino Act

Retrieved on: 
Tuesday, October 18, 2022
Data Management, Semiconductor, Communications, Technology, Software, Networks, Public Relations, Investor Relations, Semtech, Adoption, Use of Free and Open-Source Software (FOSS) in the U.S. Department of Defense, The Competition Act, 2002, API, U.S. Securities and Exchange Commission, Sierra Wireless, IOT, Risk, SEC, Growth, Review, TSX, Algorithm, Annual report, SMTC, Security (finance), Multimedia, Nasdaq, Hart–Scott–Rodino Antitrust Improvements Act, Private Securities Litigation Reform Act, Software, Goal, U.S. Department of Justice Office of Legislative Affairs, EPS, Acquisition, SWIR, Competition Bureau, Corporation, Internal, Environment, Forward-looking statement, DOJ, Failure, Sierra, COVID-19, Solution, Engineering, SEDAR, Online gambling, Risk management

The second requests were issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act).

Key Points: 
  • The second requests were issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act).
  • View the full release here: https://www.businesswire.com/news/home/20221018005599/en/
    Issuance of the second requests extends the waiting period under the HSR Act until 30 days after Semtech and Sierra Wireless have substantially complied with the second requests, unless that period is extended voluntarily by the parties or otherwise terminated by the DOJ.
  • Semtech and Sierra Wireless believe the transaction will benefit customers of both companies and are cooperating fully with the DOJ in order to facilitate its review.
  • Semtech and Sierra Wireless look forward to continuing to work with the DOJ to resolve their open questions and bring their review to a close.

$25,000 sentence for fifth engineering executive to plead guilty in Gatineau bid-rigging case

Retrieved on: 
Friday, October 14, 2022
The Competition Act, 2002, City, Criminal code, Court of Quebec, Contract, Theft, Bureau, Competition Bureau, The Criminal Code, Competition, Crime, Competition Act, Cryptocurrency, Construction, Genivar, QC

This is the fifth guilty plea in a case that began after the Competition Bureau uncovered evidence of bid-rigging on infrastructure contracts awarded by Gatineau between 2004 and 2008.

Key Points: 
  • This is the fifth guilty plea in a case that began after the Competition Bureau uncovered evidence of bid-rigging on infrastructure contracts awarded by Gatineau between 2004 and 2008.
  • The bid-rigging targeted a total of 21 contracts and defrauded the municipality out of an estimated $1.8 million.
  • Mr. Paulhus admitted that he had participated in the scheme while he was a regional director at Genivar in 2004.
  • He conspired with executives from other engineering firms to fix bid prices in order to divide Gatineau infrastructure contracts among their respective firms.

BSV Claims Ltd launches landmark Competition case potentially worth over £9billion

Retrieved on: 
Wednesday, August 3, 2022
Bitcoin, Kraken, BSV, Dean, Shapeshifting, United Kingdom, The Competition Act, 2002, Twitter, CAT, Partner (business rank), High Court, Competition Appeal Tribunal, CPO, Marylebone, SEAMUS, Cass Business School, Competition and Markets Authority, Economics, Ofcom, Court of cassation, Competition, Online gambling, Ridesharing company, Life insurance, Cryptocurrency, Binance

LONDON, Aug. 3, 2022 /PRNewswire/ -- Velitor client, BSV Claims Ltd today begins a landmark competition case against major cryptocurrency exchanges seeking damages of up to 9.9 billion.

Key Points: 
  • LONDON, Aug. 3, 2022 /PRNewswire/ -- Velitor client, BSV Claims Ltd today begins a landmark competition case against major cryptocurrency exchanges seeking damages of up to 9.9 billion.
  • The claim is brought in the Competition Appeal Tribunal ("CAT") on behalf of an estimated 240,000 UK investors in Bitcoin Satoshi Vision ("BSV").
  • The application claims that, among other matters, the four exchanges colluded to damage the prospects for BSV by delisting which prevented trading.
  • It is alleged the exchanges did this deliberately, harming BSV and reducing competition in the UK between BSV and other digital assets.

BSV Claims Ltd launches landmark Competition case potentially worth over £9billion

Retrieved on: 
Wednesday, August 3, 2022
Bitcoin, Kraken, BSV, Dean, Shapeshifting, United Kingdom, The Competition Act, 2002, Twitter, CAT, Partner (business rank), High Court, Competition Appeal Tribunal, CPO, Marylebone, SEAMUS, Cass Business School, Competition and Markets Authority, Economics, Ofcom, Court of cassation, Competition, Online gambling, Ridesharing company, Life insurance, Cryptocurrency, Binance

LONDON, Aug. 3, 2022 /PRNewswire/ -- Velitor client, BSV Claims Ltd today begins a landmark competition case against major cryptocurrency exchanges seeking damages of up to 9.9 billion.

Key Points: 
  • LONDON, Aug. 3, 2022 /PRNewswire/ -- Velitor client, BSV Claims Ltd today begins a landmark competition case against major cryptocurrency exchanges seeking damages of up to 9.9 billion.
  • The claim is brought in the Competition Appeal Tribunal ("CAT") on behalf of an estimated 240,000 UK investors in Bitcoin Satoshi Vision ("BSV").
  • The application claims that, among other matters, the four exchanges colluded to damage the prospects for BSV by delisting which prevented trading.
  • It is alleged the exchanges did this deliberately, harming BSV and reducing competition in the UK between BSV and other digital assets.

Competition Bureau resolves its concerns in misleading weight loss claims case

Retrieved on: 
Wednesday, April 27, 2022
Competition Bureau, NX, Federal court, Competition, Health Canada, Advertising, Competition Act, Marketing, QC, Record, Weight loss, The Competition Act, 2002, Federal Court of Canada, Social media, Bureau, Dietary supplement, Private investigator

The Bureau resolved its concerns through a consent agreement reached with NuvoCare and Ryan Foley, that will prevent both from making false, misleading or unsupported marketing claims to consumers about products they market for weight loss.

Key Points: 
  • The Bureau resolved its concerns through a consent agreement reached with NuvoCare and Ryan Foley, that will prevent both from making false, misleading or unsupported marketing claims to consumers about products they market for weight loss.
  • NuvoCare's products are licenced by Health Canada to make certain claims, but not to make weight loss claims.
  • "All sellers and marketers of natural health products in Canada should review their advertising and ensure that any weight loss claims are not false, misleading or unsubstantiated.
  • In February 2019, the Competition Bureau issued a warning calling on all sellers and marketers of natural health products in Canada to review their advertising and ensure that weight loss claims are not false, misleading or unsubstantiated.

Minister of Innovation, Science and Industry reaffirms that competitiveness is central to a vibrant telecommunications sector

Retrieved on: 
Thursday, March 3, 2022
Economic development, Social media, Rogers, The Competition Act, 2002, Internet, Government, Innovation, Science and Economic Development Canada, Efficiency, Acquisition, Shaw, Competition, G-spectrum, Shaw Communications, Telecommunication, Review, Mobile, CRTC, Competition Act, The Honourable, Renewable energy, Industry, Science

That's why our government is making every effort to ensure that telecommunications services are reliable, innovative, competitive andmost cruciallyaffordable.

Key Points: 
  • That's why our government is making every effort to ensure that telecommunications services are reliable, innovative, competitive andmost cruciallyaffordable.
  • "Affordability and competition have been central to all our work in the telecommunications sector.
  • But there is more to do as affordability and cost pressures remain top of mind for Canadians, especially in the telecommunications sector.
  • This has been a central commitment of our government since day one and it is my commitment as Minister.