Competition Bureau alleges Progressive Waste violated terms of merger approval

by The Canadian Press Posted Sep 11, 2012 2:34 pm MDT Competition Bureau alleges Progressive Waste violated terms of merger approval AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email OTTAWA – The Competition Bureau has laid charges against Progressive Waste Solutions Ltd. and its subsidiary, BFI Canada Inc., alleging breaches of a 2010 agreement that permitted the merger of two commercial waste collection companies.Progressive says the allegations are without merit and it plans to defend itself in the courts.The bureau says its Consent Agreement addressed concerns that the merger would reduce competition among commercial waste collection services in several markets — Calgary, Edmonton, Hamilton, Ottawa and Simcoe County in Ontario.The bureau now alleges that Progressive violated the deal by soliciting and re-acquiring a customer whose contract was divested under the agreement.It also alleges Progressive failed to notify the bureau that the agreement had been breached and provided a false declaration that it was in compliance.The bureau alleges there were multiple breaches between October 2010 and February 2011.“Today’s announcement sends a strong signal to businesses that breaching a Consent Agreement with the Competition Bureau is an extremely serious matter and will not be tolerated,” Melanie Aitken, Commissioner of Competition, said in a statement.“Consent Agreements are an essential tool to preserve competition and protect consumers from potential anti-competitive harm. Companies who violate the terms of such agreements must be held to account.”The bureau said the agreement with IESI-BFC Ltd. and Waste Services Inc. (now known together as Progressive), required the companies to divest commercial waste collection assets, including customer contracts, vehicles, bins and other equipment in the identified markets.In addition, they were prohibited from soliciting or reacquiring divested customers for a period of one year. In the event that the parties became aware of material breaches agreement, they were required to promptly notify the bureau.Chaya Cooperberg, a vice-president at Progressive, said in an email statement that the company is surprised that the bureau is taking the matter to court.“We have at all times acted in good faith and used our best efforts to fully comply with our obligations under the Consent Agreement entered into with the Competition Bureau in 2010. We have substantially complied with the agreement,” Cooperberg said.“Further, we have fully co-operated with the Bureau in its enquiry in this matter.“We strongly believe that the Bureau’s allegations are without merit. We will vigorously defend this matter in the courts.” read more

The US and China to set up joint cybersecurity working group

first_imgCHINA AND THE US, which are embroiled in a bitter dispute over hacking, have agreed to set up a cybersecurity working group, US Secretary of State John Kerry said today.“All of us, every nation, has an interest in protecting its people, protecting its rights, protecting its infrastructure,” he told reporters on a visit to Beijing.“Cybersecurity affects everybody,” he said.It affects airplanes in the sky, trains on their tracks, it affects the flow of water through dams, it affects transportation networks, power plants, it affects the financial sector, banks, financial transactions. So we are going to work immediately on an accelerated basis on cyber.The world’s two largest economies have traded accusations this year over cyber attacks after US research company Mandiant said in February that a Chinese army unit had stolen hundreds of terabytes of data from at least 141 organisations, mostly based in the United States.China dismissed the report as “groundless”, saying its defence ministry websites were often subjected to hacking attacks originating in the US.Last month President Barack Obama said cyber threats affecting US firms and infrastructure were increasing and some were “state sponsored”.That prompted to Beijing to repeat an offer to hold international talks on hacking, with the foreign ministry saying it wanted “constructive dialogue and cooperation with the international community, including the US”.‘Major victim of cyber attacks’China’s new premier Li Keqiang last month used his first press conference after taking office to reject the US accusations, saying that Beijing did not support cyber spying and calling China a “major victim of cyber attacks”.Also last month, Obama signed a spending bill blocking government buying of information technology equipment “produced, manufactured or assembled” by firms “owned, directed or subsidised by the People’s Republic of China”.Federal government agencies could buy IT products from China if they passed an official assessment of risks involving “cyber-espionage or sabotage associated with the acquisition of such system”, the bill said.China criticised the bill as “biased”.The American Chamber of Commerce in China also said two weeks ago that more than a quarter of its members had experienced data theft.Beijing’s foreign ministry dismissed the report and called on the US to stop “hyping cybersecurity issues”.A US congressional report last year named China as “the most threatening actor in cyberspace”.- © AFP, 2013Read: Kerry tells China’s Xi that Korea situation is at ‘critical time’ >last_img read more