FTC Finalizes Merger Notification Withdrawal Rules

Law360, New York (June 28, 2013, 8:09 PM EDT) -- The Federal Trade Commission on Friday finalized new rules formalizing its process for handling merger notification withdrawals in order to conserve resources and automatically pulling notifications if the parties tell federal securities regulators they've dropped a transaction.

The agency adopted the rules it proposed in February, which is said were designed to save the agency the time and expense of reviewing transactions that the parties have already abandoned.

"The rule makes sense," said Richard Feinstein, who runs the FTC's Bureau of Competition. "It will benefit the...
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