Meat Packers Inc. was a producer of beef and beef by-products that operated a facility outside a large city. The site of the production facility was scheduled to become part of a new six-lane highway. The facility had been expropriated for the highway and Meat Packers had to vacate the premises. It was unable to locate suitable alternative premises on short notice. Meat Packers, therefore, decided to acquire the business of a competitor and shipped all of its equipment to the newly acquired facility. The two companies merged their operations and carried on under the name of Meat Packers Inc. The meat packing industry was currently in a slump, the result of a decline in consumption of red meat. As a result, there was excess capacity throughout the market area. All of the major competitors were located within the same geographic area. All of these factors were keeping meat prices low. When the Commissioner of Competition received notice of the acquisition, he ordered that Meat Packers Inc. divest itself of the competitor's business pursuant to s. 45 of the Competition Act. Meat Packers wishes to oppose the order. Discuss the arguments it will raise in opposition and indicate how you think the situation would be resolved.
C.P.R. (3d) 289.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q38: Budget Wrench Co. sold its wrenches to
Q39: Under the Competition Act, restrictive trade practices
Q40: If a corporation attempts to fix base
Q41: Describe the scope and powers of the
Q42: Subsection 45(2) of the Competition Act enumerates
Q43: Country Haven Stables Ltd. was engaged in
Q44: Sunseeker Airlines Inc. offered weekly charter flights
Q45: The Competition Act provides the right to
Q46: Describe the operation of the reviewable activity
Q48: The trade practices restricted under the Competition
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents