FTC Warning Cos. About Unfinished Merger Reviews

By Matthew Perlman (August 3, 2021, 7:33 PM EDT) -- The Federal Trade Commission has started sending letters to some merging companies saying its investigation of their transaction will extend beyond the agency's deadline and that if they close the deal before enforcers finish their review, they'll be doing so "at their own risk."

The acting director of the FTC's Bureau of Competition, Holly Vedova, said in a blog post Tuesday that the agency is continuing to deal with a "tidal wave of merger filings" that is straining its ability to fully investigate deals ahead of the statutory deadlines.

For deals that enforcers cannot fully vet, she said, the commission has...

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