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FTC on mergers

This article was originally published in The Tan Sheet

Executive Summary

"In determining whether to challenge a [merger] transaction, the agencies do not simply tally the number of customers that oppose a transaction and the [number] that support it," according to FTC and the Department of Justice. "The agencies take into account that all customers in a relevant market are not necessarily situated similarly in terms of their incentives," they state in the jointly published Commentary on the Horizontal Merger Guidelines, released March 27. The document provides insight into federal antitrust review of horizontal mergers between competing firms, the agencies say...
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