CALGARY – Leon’s Furniture Ltd. (TSX:LNF) and The Brick Ltd. (TSX: BRK) say a key hurdle has been overcome in Leon’s plan to take over its rival.
Both companies say the Commissioner of Competition has issued a “no-action” letter, meaning the deal won’t be challenged before the Competition Tribunal.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
The company’s say the Leon’s takeover of The Brick is now expected to close on March 28.
- IBC estimates $230M in insured damage claimed from Edmonton storms
- Alberta First Nation sues Ottawa over $5 treaty annuity, argues amount stuck in 1899
- Jobs hang in the balance as Ekati diamond mine in N.W.T. closing early
- WestJet flight attendants hold information pickets as strike vote takes place
The Brick’s shareholders and warrantholders voted overwhelmingly to approve a takeover offer from Leon’s, which announced the friendly deal in November.
Comments
Want to discuss? Please read our Commenting Policy first.