Mergers Down But FTC Challenges Up: Report

Law360, New York (October 6, 2010, 4:25 PM EDT) -- Major corporate mergers have declined significantly since the onset of the recession, but the Federal Trade Commission is investigating a much higher percentage of those filings, resulting in many more mergers being revised or scuttled entirely, according to the agency's new report.

Pre-merger notification filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 dropped nearly 60 percent between the 2008 fiscal year and fiscal 2009, from 1,726 filings to 716, according to the FTC’s Hart-Scott-Rodino 2009 Annual Report released Friday.

But the number of FTC “secondary...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.