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  5. FTT: As they are both Caterpillar dealers serving different geographical areas, do you ever see these companies merging into one? [Finning International Inc.]
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Q: As they are both Caterpillar dealers serving different geographical areas, do you ever see these companies merging into one? Would a merger not create cost savings via synergies, increased capital pool etc for expansion and growth etc ultimately benefiting the shareholders of the combined company. . Thanks for the great service you provide.
Asked by Anthony on January 29, 2024
5i Research Answer:

We think a merger would make a lot of sense, but anti-trust regulators might have an issue with it due to the concentration of market share it would create.