Second Requests Drop In U.S. Merger Reviews

Law360, New York (December 21, 2006, 12:00 AM EST) -- The number of second requests in U.S. merger reviews dropped to just 1% in the fiscal year ended Sept. 31, despite a sharp rise in merger and acquisition activity, according to the U.S. Department of Justice.

The percentage of transactions resulting in a second requests dropped from 1.5% to 1%, and the duration of the average second request investigation continued to decline, the DOJ said in an annual review of the fiscal year ended Sept. 31.

The drop in second requests occurred despite an overall increase...
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