FTC Will Challenge Incremental Acquisitions

Law360, New York (July 11, 2008, 12:00 AM ET) -- On April 28, 2008, the Federal Trade Commission (the "FTC") announced a complaint challenging a string of transactions completed between 2002 and 2005 and proposed a consent order that imposed conduct restrictions on the acquirer in order to reduce the anti-competitive effects of the cumulative transactions.

The FTC claimed that a series of acquisitions by TALX Inc. ("TALX") of virtually all of its competitors had unlawfully enhanced the company's ability to increase prices unilaterally while decreasing the quality of services it provided.

TALX, a wholly owned...
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