Agencies spotlight vertical merger analytical techniques, enforcement policies

The Federal Trade Commission and the Department of Justice have issued new Vertical Merger Guidelines that outline how the federal antitrust authorities evaluate the likely competitive impact of vertical mergers and whether such actions comply with U.S. law. The document represents the first time the agencies have issued joint guidelines on vertical mergers, and is the first major revision to vertical merger guidance since the 1984 Non-Horizontal Merger Guidelines, which were withdrawn earlier this year.

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