- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2023-12-18T20:48:00
A long-running initiative by the Department of Justice (DOJ) and Federal Trade Commission (FTC) to modernize their joint merger guidelines reached its conclusion Monday.
The agencies issued their 2023 Merger Guidelines, following a nearly two-year process of public feedback, workshops, and review. The finalized guidelines replace previous guidance published separately on vertical mergers and horizontal mergers in 2020 and 2010, respectively.
“The 2023 Merger Guidelines reflect the new realities of how firms do business in the modern economy and ensure fidelity to statutory text and precedent,” said FTC Chair Lina Khan in a joint press release.
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A privately held family company and its CEO, who announced a $10 billion bid to buy U.S. Steel without having the cash on hand, will pay $600,000 in penalties to the Securities and Exchange Commission for making materially false statements.
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