In a decision predicted to be controversial, the Department of Justice's antitrust division on Wednesday announced its approval without conditions of the proposed $2.7 billion merger of two of the nation's largest appliance manufacturers. According to Assistant Attorney General Thomas Barnett, the combination of Whirlpool and Maytag will not harm consumers. Antitrust lawyers are watching to see if the decision will provide guidance on what type of analysis Barnett will consider and approve.
March 30, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Department of Justice’s antitrust division on Wednesday announced its approval without conditions of the proposed $2.7 billion merger of two of the nation’s largest appliance manufacturers.
According to Assistant Attorney General Thomas Barnett, the combination of Whirlpool Corp. and Maytag Corp. will not harm consumers. Barnett said the economic analysis of the deal indicated that there will still be competition in the appliance market despite the size of the combined manufacturing firm.
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