Federal Trade Commission members say they are skeptical of a web of relationships among players in Appalachia's oil-and-gas industry. Credit: muratart/Adobe Stock Antitrust Enforcers Throw Wrench Into M&A by Dusting Off Long-Ignored Governance Rule
The FTC last month forced drastic changes to a $5.2 billion energy deal by invoking the Clayton Act's prohibition on having a director of one company also serve as a director of a competitor.
September 11, 2023 at 08:40 AM
5 minute read
The Federal Trade Commission, which under the Biden administration has been highly skeptical of mergers, has sent shock waves through the dealmaking community by recently using a long-ignored provision of a federal antitrust law to force drastic changes to a $5.2 billion natural-gas-industry deal.
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