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The failed merger between United Airlines and US Air, which fell apart because of a threatened regulatory challenge, demonstrated the importance -- for some parties -- of having antitrust "walk-away" provisions in their merger agreements. These provisions can protect parties from the inordinate delay, disruption, expense and ultimate uncertainty that result from an extended merger review or challenge by government antitrust authorities.
December 11, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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