The Federal Trade Commission has approved through a unanimous vote a final rule that will require parties to certain mergers and acquisitions to provide more information to help FTC and the Department of Justice’s antitrust division better screen M&A transactions for potential competition issues. FTC said Thursday the final rule seeks to u...
The Federal Trade Commission and the Department of Justice have released final guidelines outlining the frameworks and factors the agencies use in assessing mergers and acquisitions. FTC said Monday it voted unanimously to approve the 2023 Merger Guidelines, which reflect advances in law and economics, the experiences of market participants and feed...
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...
GovCIO has won a 10-year, $139 million contract to help the Commodity Futures Trading Commission manage, operate and maintain the agency’s core information technology infrastructure. The Core Infrastructure Operations and Maintenance and Support Services program covers IT assistance to CFTC’s data, voice and video system users, as well a...
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...
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...
