Section 123: Notification and implementation of intermediate and large mergers.

(1) A party to an intermediate or a large merger shall notify the Commission of that merger in the prescribed manner and form.
(2) In the case of an intermediate or a large merger, the primary acquiring company and the primary target company shall each provide a copy of the notice contemplated in subsection (1) to :
(a) any registered trade union that represents a substantial number of its employees; or
(b) the employees concerned or representatives of the employees concerned, if there are no such registered trade unions.
(3) The parties to an intermediate or large merger shall not implement the merger until it has been approved, with or without conditions, by the Commission.