Federal Trade Commission building in Washington, D.C. Photo: Diego M. Radzinschi/ALM Antitrust Regulators' New Emphasis on How Mergers Affect Jobs Rattles Dealmakers
"The questions on labor markets in most cases seem misfocused and not something that should be, and that has not historically been, part of the standard merger review," said Deidre Johnson, counsel with Ropes & Gray.
June 29, 2023 at 06:30 AM
6 minute read
The expanded merger-review process the Federal Trade Commission proposed this week would require companies to file detailed information at the outset on how deals affect labor markets, a new requirement that's fueling concern among businesses that regulators now will seize on plans for steep job cuts as a justification for blocking transactions that previously sailed through.
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