Author: Naomi Cooper|| Date Published: July 20, 2023
The Federal Trade Commission and the Department of Justice are seeking public comments on a draft update of guidelines meant to help federal regulators determine if merger and acquisition deals affect U.S. market competition.
FTC said Wednesday the draft enforcement manual outlines 13 guidelines agencies may use to determine whether a proposed merger deal complies with federal antitrust regulations and assess the risk business combination may pose to commerce.
According to the document, a merger should not significantly increase concentration in highly concentrated markets, eliminate substantial competition between firms, increase the risk of coordination and substantially lessen competition or tend to create a monopoly.
“These updated Merger Guidelines respond to modern market realities and will enable the Justice Department to transparently and effectively protect the American people from the damage that anticompetitive mergers cause,” said Attorney General Merrick Garland.
Government IT services contractor Aretum has promoted Amy French, most recently chief accounting officer, to chief financial officer. Vienna, Virginia-based…
Shield AI has agreed to acquire simulation software company Aechelon Technology as part of efforts to expand its technological capabilities. The San Diego-based…
SentinelOne, a company specializing in artificial intelligence security, has promoted Barry Padgett to president and chief operating officer. The appointment takes effect…
Anduril Industries and Palantir Technologies are helping develop software for the potential $185 billion Golden Dome next-generation missile defense shield,…
