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FTC struggling with timelines to review Merger filings


The Federal Trade Commission is facing a strain in investigating the merger filings ahead of its timeline. Hence they are telling some businesses to merge at their own risk even before the agency hasn’t finished their reviewing. FTC regulators have received more than 1,700 Hart-Scott-Rodino pre-merger notices in the first half of 2021. The dealings filed are of at least $92 million. Regulators are given a set amount of time to review the pre-merger filings. Regulators can ask for a second request in the middle of the procedure to review any additional information & set a time period to either block the deal. Due to constrained resources, FTC cannot investigate in the given timeframe. Thus, the FTC has started sending letters to parties saying the agency hasn’t completed its review yet but also it cannot hold the merger any longer. So the parties can proceed at their own risk. Thus the businesses will face uncertainty whose deals will not be reviewed by the FTC. 

Source: CNBC

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