The US DoJ imposes a divestiture and hold separate order before approving an acquisition in the market for electric power (Exelon / Constellation)

Introduction Early in his Second Inaugural Address, President Obama declared: “Together, we discovered that a free market only thrives when there are rules to ensure competition and fair play” [1]. With this statement, President Obama became just the sixth president to make reference to the antitrust laws in an inaugural address, and the first to do so in more than 80 years [2]. Although inaugural addresses do not necessarily constitute comprehensive policy statements, they carry huge symbolic force. In this sense, it is significant that President Obama chose to use the inaugural platform to highlight the importance of the antitrust laws. President Obama’s symbolic statement reflects his Administration’s active approach to enforcing the antitrust laws, particularly in the merger review

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Authors

  • Cleary Gottlieb Steen & Hamilton (Cologne)
  • Cleary Gottlieb Steen & Hamilton (Washington)

Quotation

Patrick Bock, James Hunsberger, The US DoJ imposes a divestiture and hold separate order before approving an acquisition in the market for electric power (Exelon / Constellation), 27 November 2012, e-Competitions Bulletin Energy & Mergers, Art. N° 52961

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