SITEL/ONEX TIE-UP CLEARED.

• Position: Brief article

The acquisition of US-based Sitel Corporation by the Canadian Onex was cleared by the Commission on 22 December after being examined under the simplified merger review procedure. Onex Corporation announced in

October 2006, its agreement to acquire Sitel for approximately $450

million through Onex subsidiary ClientLogic Corporation. According to

the company, the acquisition will create one of the world's largest

providers of outsourced customer...