The pre‑merger notification threshold relating to transaction‑size will be $87 million in 2016, up from $86 million last year, the Competition Bureau announced recently.

Mergers are only notifiable if three threshold tests are met:

  1. Transaction type: the transaction must involve an "operating business in Canada". Transactions can take various forms, for example, acquisitions of assets or shares, amalgamations, combinations, etc.
  2. Party size: the Canadian assets or sales of all parties and their affiliates must be $400 million or more.
  3. Transaction size: the target must have Canadian assets or sales of $87 million or more.

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