Metal merger not anti-competitive, Bureau says
Samuel, Son & Co. Limited can complete its acquisition of Wilkinson Steel and Metals Inc. after the Competition Bureau announced that it does not intend to challenge the deal. Samuel and Wilkinson process, distribute and sell various steel and speciality metals. Samuel operates service centres across Canada and Wilkinson conducts business in Western Canada. The [...]
Read Full ArticleJapanese auto-parts maker to pay record $30 million fine for bid-rigging
Yazaki Corporation was fined $30 million after pleading guilty to rigging bids for wire harnesses supplied to Honda and Toyota for the 2005.5 Honda Ridgeline, 2006 Honda Civic and 2006 Toyota Corolla/Matrix models. The volume of commerce affected in Canada was about US $260 million. This is the largest fine ever to be ordered for bid-rigging [...]
Read Full ArticleReal Estate Wars: Canada’s Competition Tribunal Rejects Attack on Toronto Real Estate Board’s MLS
In a much-anticipated decision, the Competition Tribunal rejected the Competition Commissioner’s application to force The Toronto Real Estate Board (TREB) to relax its rules surrounding how Multiple Listing Service (MLS) information was used by real estate agents. The Tribunal also ordered the Commissioner to pay TREB’s costs. At issue in the six-week long trial held [...]
Read Full ArticleRecord $5 million bid rigging fine for auto parts maker
The Ontario Superior Court of Justice recently ordered Furukawa Electric Co. Ltd., a Japanese supplier of motor vehicle components, to pay a fine of $5 million after it pleaded guilty to participating in an international bid-rigging conspiracy. To date, this is the largest fine a court has imposed in Canada for a bid-rigging offence under [...]
Read Full ArticleLeon’s acquisition of The Brick not anti-competitive, Bureau says
The Bureau announced that it does not intend to challenge the acquisition of The Brick Ltd. by Leon’s Furniture Limited. The Bureau’s investigation revealed that while both parties are incredibly close rivals, particularly in the retailing of furniture and mattresses, the transaction was unlikely to substantially lessen or prevent competition since effective national and regional [...]
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