Monday, July 16, 2007

Canada to review mergers policy

July 12 - MSNBC - Canada's minority Conservative government has set up an independent panel, led by a prominent businessman, to examine competition and investment policies in the wake of a flurry of mergers and acquisitions that could reshape key sectors of the economy.

The panel's findings are widely expected to lead to a significant relaxation of foreign ownership and competition rules in the telecommunications industry. They could also lay the groundwork for mergers among domestic banks, which have been blocked for the past decade by political sensitivities.

The group is also likely to address concerns about the "hollowing-out" of corporate Canada as a result of a series of foreign takeovers of some of the most prominent companies. Read More.

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