Key GOP Sen. Slams FTC 'Mismanagement' In Merger Reviews

Law360 (May 18, 2021, 7:08 PM EDT) -- The top Republican on a Senate antitrust panel accused the Federal Trade Commission of "a growing trend of mismanagement" in a biting letter Tuesday about merger reviews, including the stalemate over 7-Eleven Inc.'s $21 billion purchase of Speedway.

Sen. Mike Lee, R-Utah, told acting Chairwoman Rebecca Kelly Slaughter that a partisan stalemate on the Speedway deal "raises issues of basic competence." Lee is the ranking member on the Senate Judiciary Committee's Subcommittee on Competition Policy, Antitrust and Consumer Rights.

"Despite the fact that all four FTC commissioners agree that the acquisition presents serious competitive concerns—and the merging parties' and FTC staff's...

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