WASHINGTON (Reuters) – The Federal Trade Commission and Justice Department’s Antitrust Division, which determine if mergers are legal, will temporarily suspend the practice of granting early terminations for mergers, the agency said in a statement on Thursday.
With the changeover to President Joe Biden’s administration and a big jump in the number of merger filings, the FTC additionally said the two antitrust regulators will also review “processes and procedures” used to grant early termination.
Early termination is when a merger is approved quickly, often within 30 days.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.