Thank you, Mr. Chairman.
Deputy minister, thank you and the two persons with you for being with us here today.
Is it customary, in the acquisition process, sir, that businesses contact the Department of Industry to transmit information? Nortel had its value appraised at one point—I don't remember the exact amount—no doubt in order to exempt itself from the application of the Investment Canada Act. Ultimately, the purchase price amounts to more than $1 billion. Consequently, in my view, the Canada Investment Act should apply.
Who decides whether the act applies? Is that determined on the basis of the book value or the price offered or submitted?