When Postmedia announced Monday it had swapped a raft of newspapers with its competitor Torstar, the company was emphatic: they could go ahead and do this without a green light from the Competition Bureau.
“The transaction is not subject to the merger notification provisions of the Competition Act, and no regulatory clearance is required to close the transaction,” Postmedia wrote in a release describing the coordinated plan to close newly acquired papers in order to eliminate the competition in markets across Ontario and beyond.
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