The US FTC Chairman announces reforms to streamline the merger review process

On February 16, 2006, Federal Trade Commission (“FTC”) Chairman Deborah Platt Majoras announced a number of “reforms” to the merger review process to “…address the increased burden on parties and the staff ” and “streamline the merger review process by formalizing well-defined best practices.” These new guidelines and procedures became effective for all HSR Act filings submitted on or after February 17, 2006, and are intended to “facilitate rapid identification of the relevant issues, preparation of more focused [S]econd [R]equests, and use of consistent investigation timetables.” In this electronic age where terabytes of potentially responsive data on a company’s computer systems are not uncommon, compliance with a Second Request can take several months and cost millions of dollars. The FTC’s

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (New York)
  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)
  • Skadden, Arps, Slate, Meagher & Flom (New York)

Quotation

Neal R. Stoll, Brian C. Mohr, Joseph P. Nisa, The US FTC Chairman announces reforms to streamline the merger review process, 16 February 2006, e-Competitions Bulletin February 2006, Art. N° 45601

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