The Competition Bureau says the parties cancelled the transaction
A planned merger between two John Deere dealerships in Manitoba is off.
Greenvalley Equipment and Enns Brothers Ltd., announced a plan in January that would’ve seen the companies’ 13 total locations operate under a single entity.
The deal was expected to close in April.
The merger required approval from the Competition Bureau, an independent agency that protects and promotes competition for the benefit of Canadian consumers and businesses.
The bureau’s website states on that as of May 1 its merger review concluded.
The outcome of its review, “TA”, stands for “proposed transactions that are abandoned by merging parties.”
It’s believed multiple Competition Bureau delays led to the cancellation of the merger.
The official announcement in January was a source of concern.
At the time, some people expressed trepidation over what the merger could mean for customers.
“Less choices on deals for us farmers that is what it means,” Urs Christen posted on the Enns Brothers Ltd. Facebook page.
“Unfortunately, I also believe a bigger monopoly means less competition and higher prices. I hope I’m wrong but that’s usually how it ends up,” Edmund Martens wrote on Greenvalley’s Facebook page.