Most 2nd Requests Due To Horizontal Market Concerns

Law360, New York (December 8, 2008, 12:00 AM EST) -- The vast majority of second requests issued by the U.S. Federal Trade Commission in recent years in connection with merger proposals were based on horizontal market theory concerns, according to data released by the agency.

A new update of horizontal merger investigations published by the agency on Dec. 2 described transactions that took place between fiscal years 1996 and 2007.

The update, which expands the coverage of mergers by adding two more years to the agency’s database, showed that of the 384 requests for additional information...
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