DOJ, FTC release finalized merger guidelines

Mergers

A long-running initiative by the Department of Justice (DOJ) and Federal Trade Commission (FTC) to modernize their joint merger guidelines reached its conclusion Monday.

The agencies issued their 2023 Merger Guidelines, following a nearly two-year process of public feedback, workshops, and review. The finalized guidelines replace previous guidance published separately on vertical mergers and horizontal mergers in 2020 and 2010, respectively.

“The 2023 Merger Guidelines reflect the new realities of how firms do business in the modern economy and ensure fidelity to statutory text and precedent,” said FTC Chair Lina Khan in a joint press release.

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