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FTC and DOJ Extend Public Comment on Request for Information Targeting Serial Acquisitions and Consolidation Strategies Across the U.S. Economy
The Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice (DOJ) are extending the deadline for the public to comment on a joint agreement by 60 days. Information request This study aims to identify serial acquisitions and consolidation strategies across the economy that have led to consolidation that has harmed competition. The new deadline for submitting comments is now September 20, 2024.
The RFI seeks information on serial acquisitions and consolidation strategies in which corporate players, including private equity-owned companies, become larger and potentially dominant through acquisitions of multiple smaller companies in the same or related industries or sectors.
Companies often do not have to report these transactions to federal antitrust agencies, allowing them to gain significant control over key products, services, or labor markets without government oversight. These types of transactions can harm competition to the detriment of consumers, workers, and innovation across an entire sector or industry.
The agencies are seeking comments on serial acquisitions across all sectors and industries of the U.S. economy and are inviting a broad range of stakeholders, including consumers, workers, businesses, and others, to submit comments. The comment period was originally scheduled to close on July 22, 2024. Comments can be submitted through Regulations.gov. Once submitted, comments will be posted on Regulations.gov.
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What Are The Main Benefits Of Comparing Car Insurance Quotes Online
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