The Trump Administration leadership at the U.S. Department of
Justice and Federal Trade Commission have announced reforms
regarding merger reviews. This Jones Day White Paper reviews these reforms and their
strategic implications for merging parties. As described more fully
below, there is good, bad, and unknown. The agencies' reforms
will improve some merger reviews by reducing document and data
requests and providing at least a soft commitment to published time
frames. The reforms may actually add burden in some circumstances,
and they may have little impact for mergers with complex or
significant competitive implications.
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