DOJ Invokes Flawed Market Definition To Block Print Deal
Law360 (July 25, 2019, 5:29 PM EDT) -- Quad/Graphics Inc. and LSC Communications Inc. recently announced the termination of their $1.5 billion deal that would have seen Quad acquire LSC. The companies made this decision after the U.S. Department of Justice filed a lawsuit claiming the acquisition would violate Section 7 of the Clayton Act by reducing competition in the print industry.
In their announcement, both Quad and LSC criticized the DOJ’s market definition that formed the basis for the lawsuit. That definition was based on a blinkered view that fails to take into account the competitive forces at play in the print industry. While the DOJ’s flawed market...
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