FTC A Stickler Even Sans Antitrust Issues, Biglari Deal Reveals

Law360, New York (September 25, 2012, 8:55 PM EDT) -- Biglari Holdings Inc. agreed Tuesday to pay $850,000 to allay Federal Trade Commission concerns that the Steak 'n Shake owner breached antitrust law when it failed to notify regulators of its takeover of a rival restaurant chain, underscoring the agency's commitment to enforcing merger notification rules even for deals that raise no antitrust issues.

The U.S. Department of Justice filed a civil complaint on behalf of the FTC in D.C. federal court that day, taking issue with San Antonio-based Biglari's claim that its acquisition of more...
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