There’s no such thing as a done deal. That’s the message from federal antitrust enforcers, who in recent months have ramped up attacks against consummated mergers, aggressively breaking up already combined companies.
In the past two weeks alone, the Federal Trade Commission announced two consent orders requiring companies to sell off assets from past mergers deemed anti-competitive. Court cases are pending as well. The FTC in May filed suit against The Dun & Bradstreet Corp., targeting its purchase of a competing education data provider 15 months after the fact, while the U.S. Department of Justice has challenged Dean Foods Co.’s acquisition of Foremost Farms last year. “If evidence of an anti-competitive effect emerges, we’ll take a look at that,” said Richard Feinstein, director of the FTC’s Bureau of Competition. “Our track record makes that clear.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]