Canada Watchdog Lays Charges Against Progressive Waste
Stock Chart for Progressive Waste Solutions Ltd (BIN)
Canada’s Competition Bureau said it has laid charges against Progressive Waste Solutions Ltd. (BIN) for violating a consent agreement with the watchdog.
The bureau said Progressive Waste had agreed to divest certain assets, including customer contracts, to win approval for a 2010 merger.
“Breach of a Consent Agreement is a serious offense,” the Ottawa-based bureau said in a statement.
Chaya Cooperberg, a spokeswoman for Vaughan, Ontario-based Progressive Waste, said in a telephone interview the company has complied with the agreement and believes the allegations are “entirely without merit.”
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