Biden administration proposes tougher rules for mergers in antitrust push ...Middle East

The Hill - Technology
Biden administration proposes tougher rules for mergers in antitrust push
source : The Hill ( Middle East ) () 26
Federal antitrust enforcers released a long-anticipated draft of new merger guidelines Wednesday that would significantly change how large companies’ acquisitions are reviewed.  The joint proposal from the Federal Trade Commission (FTC) and Department of Justice (DOJ) lays out 13 guidelines for how mergers would be reviewed. The agencies asked for public comment on the draft that will be open for 60 days.  The background: FTC, DOJ launch joint inquiry aimed at blocking illegal mergers “Unchecked consolidation threatens the free and fair markets upon which our economy is based,” Attorney General Merrick Garland said in a statement. “These updated Merger Guidelines respond to m

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