It is, of course, too early to tell conclusively whether, and to what extent, antitrust enforcement by the Federal Trade Commission (FTC) and the United States Department of Justice (DOJ) will change under the new Bush administration. Both agencies have indicated that they do not intend to implement any drastic changes and that changes from the Clinton Administration policies will be in the “margins” . However, they have made some comments about their priorities and approaches in the mergers and acquisitions area. These have included strong signals that they intend to challenge transactions, even years after they are consummated, for violations of both competition laws and premerger notification rules, and that the FTC is increasingly going to require a preapproved, capable “up-front
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