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Trump administration to continue Biden’s strict scrutiny of corporate mergers


U.S. President Joe Biden meets with President-elect Donald Trump in the Oval Office at the White House in Washington, U.S., November 13, 2024. 

Kevin Lamarque | Reuters

The Trump administration on Tuesday said it will keep strict guidelines for reviewing proposed corporate mergers that were implemented under the administration of former President Joe Biden, and which were widely disliked by businesses.

The decision to keep those guidelines was detailed in a Department of Justice memo and a social media post by Federal Trade Commission Chairman Andrew Ferguson.

“Recent public commentary has raised the question of whether the Antitrust Division will abandon use of the 2023 Merger Guidelines,” Omeed Assefi, the acting assistant attorney general for the DOJ’s antitrust division.

But, “The Antitrust Division will continue to use the 2023 Merger Guidelines until further notice,” Assefi added.

Ferguson in his tweet wrote, “Today I informed staff that the 2023 FTC and DOJ’s joint 2023 Merger Guidelines are in effect and will serve as the framework for our agency’s merger-review analysis.”

“These guidelines build on previous guidelines and many decades of case law,” Ferguson wrote. “That stability is important for enforcement agencies and the business community.”

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Breaking News: Politics,Joe Biden,Government and politics,business news
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