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Canada's Competition Bureau closes probe into American Iron & Metal's buyout of Total Metal

( April 29, 2020, 17:13 GMT | Official Statement) -- MLex Summary: Canada’s Competition Bureau has closed an investigation into scrap metal processor American Iron & Metal Company’s acquisition of Total Metal Recovery. The bureau concluded the transaction isn't likely to substantially lessen or prevent competition. The investigation found that TMR was a failing firm whose assets were likely to have exited the market in the absence of the merger.Statement follows in full. ...

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