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...

The Federal Trade Commission and the Department of Justice’s antitrust division have proposed changes to the Hart-Scott-Rodino Act filing process to better screen merger and acquisition deals for potential competition issues. Under the proposal, companies must provide information about previous acquisitions, transaction rationale and corporate...

The Federal Trade Commission has established an office to support its policy and law enforcement work by building up its capability to understand the evolving technological challenges and trends in the digital marketplace. FTC Chief Technology Officer Stephanie Nguyen will lead the newly created office of technology, which will be equipped with staf...

General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne (NYSE: AJRD), which has an estimated market valuation of $4 billion, Reuters reported Wednesday. Citing unnamed sources, Reuters noted the El Segundo, California-...

Lockheed Martin (NYSE: LMT) has decided to drop a $4.4 billion deal to acquire Aerojet Rocketdyne (NYSE: AJRD) nearly three weeks after the Federal Trade Commission filed an antitrust lawsuit to block the planned merger citing the proposed transaction’s impact on competition. Jim Taiclet, chairman, president and CEO of Lockheed, said in a statemen...

Federal Advisory Partners, a Sagewind Capital portfolio company, has purchased Favor TechConsulting for an undisclosed sum to further advance the delivery of information technology and integrated management consulting support to federal sector clients. Tim Borchert, CEO of Federal Advisory Partners, said in a statement published Tuesday the two comp...

Lockheed Martin (NYSE: LMT) reported $17.7 billion in net sales during the fourth quarter of its 2021 fiscal year, up 4 percent from the prior-year period, and posted $2 billion, or $7.47 per share, in Q4 net earnings from continuing operations. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday Q4 cash from operations reache...

The Federal Trade Commission and the Department of Justice’s antitrust division are seeking public comments as they work to update federal guidelines on mergers to better identify and prevent anticompetitive transactions. “Illegal mergers can inflict a host of harms, from higher prices and lower wages to diminished opportunity, reduced innovatio...

The Federal Trade Commission postponed a decision on Lockheed Martin’s (NYSE: LMT) proposed $4.4 billion cash acquisition of rocket propulsion builder Aerojet Rocketdyne (NYSE: AJRD) for two weeks, giving U.S. antitrust regulators extra time to assess the terms of the companies’ deal, Reuters reported Tuesday. Sources told Reuters that the a...

The Federal Trade Commission has issued a new policy statement that seeks to restore into standard practice the use of prior approval authority to restrict future acquisitions for companies pursuing anticompetitive merger transactions. Under the Prior Approval Policy Statement, companies seeking to make acquisitions should secure prior approval from...