Melanie Aitken, Canada’s antitrust regulator, has developed a reputation as a “fearless” guardian of the country’s competition rules in battles against Visa Inc. and Air Canada that suggests she may contest the proposed sale of the Toronto Stock Exchange to a group of banks and funds.
Competition Bureau Commissioner Melanie Aitken, who developed a reputation as a fierce guardian of the country’s antitrust rules in battles against Visa Inc. and Air Canada, will step down in September.
Canadian Competition Commissioner Melanie Aitken won an order today forcing CCS Corp. to sell a hazardous-waste landfill site, which she said marks the first such challenge since 2005 and sets a precedent for future disputes.
Melanie Aitken, Canada’s Competition Bureau commissioner, said draft rules released by the Ontario Securities Commission last week may address the Bureau’s concerns about a proposed bid for TMX Group Inc.
Canada’s Competition Bureau said it is reviewing concerns BCE Inc.’s bid for Astral Media Inc. will increase concentration in the broadcasting industry, creating a potential obstacle to completing the acquisition.
Visa Inc. and MasterCard Inc. use “anti-competitive” rules to prevent merchants in Canada from encouraging shoppers to use cheaper payment options such as cash or debit, Canada’s competition watchdog said.
TMX Group Inc. Chief Executive Officer Thomas Kloet said the gap between his company’s stock price and a takeover offer by a group of Canadian banks and pension funds reflects investor concerns that regulators may reject the C$3.73 billion ($3.65 billion) deal.