02:32:37 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Postmedia Network Canada Corp (2)
Symbol PNC
Shares Issued 98,746,182
Close 2023-06-30 C$ 1.83
Market Cap C$ 180,705,513
Recent Sedar Documents

Globe says Comp Bureau eyes Nordstar-Postmedia combo

2023-07-04 09:37 ET - In the News

The Globe and Mail reports in its Monday edition that Nordstar Capital aims to merge with Postmedia Network Canada. The Globe's guest columnist Keldon Bester writes that with less than a year left as Commissioner of Competition, Matthew Boswell's challenge of Nordstar-Postmedia could cement his legacy as a defender of competition. Mr. Bester says Mr. Boswell has little chance of winning in what he calls this landscape of "toothless" laws. Last week, the Competition Bureau released a comprehensive study of Canada's retail grocery market, calling out consolidation as a factor in high grocery prices. Earlier this year the bureau authored a public list of more than 50 recommendations to address the problems it sees with the Competition Act. Mr. Boswell's bureau is likely bruising from its failure to block the Rogers-Shaw deal, that could see the agency liable for certain legal fees to the new entity if it loses in court. The bureau's advice in both the Air Canada-Air Transat and WestJet-Sunwing mergers went unheeded by the Minister of Transport. The challenge presented by the Nordstar-Postmedia combo is likely too good for Mr. Boswell to pass by. Mr. Boswell's assertive enforcement style has characterized his tenure.

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