Four self-described “graybeards” of the antitrust world Friday told colleagues serving on the Antitrust Modernization Commission to leave merger law alone and instead focus on streamlining the government process.

The AMC, which was chartered by Congress, should leave the exact details of how the Federal Trade Commission and the Department of Justice Antitrust Division revamp merger reviews to those agencies and not allow the changes to be decided by Congress, insisted two former chairmen of the FTC, an antitrust professor and a private firm lawyer who testified as part of an AMC hearing last week.

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