U.S. FTC to restrict future deals for firms that pursue 'anticompetitive mergers'

FILE PHOTO: Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly

(Reuters) – The U.S. Federal Trade Commission said on Monday it is restoring its practice of routinely restricting future acquisitions for companies that pursue “anticompetitive mergers.”

A policy statement put the industry on notice that the agency has restored the practice of prohibiting acquisitive firms from merging again without FTC’s prior approval, the FTC said bit.ly/3bcQogt.

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