(Reuters) – A huge increase in the number of mergers coming before the Federal Trade Commission for antitrust reviews limits its ability to investigate transactions in a timely manner, the FTC said on Tuesday.
The agency, which works with the Ministry of Justice to enforce antitrust laws, said it received 343 notifications in July alone, compared to 112 in July last year. It said in a statement that the influx "strains the agency's ability to scrutinize business before the statutory deadlines." agreement to inform them that although the standard 30-day waiting period would soon expire, the FTC probe continued.
"Please note that if the parties complete this transaction before the Commission has completed its investigation, they would do so at their own risk," it said.
controversial agreements. It did so due to changes in administrations and an increasing number of merger applications.
Under merger legislation, transactions above a certain size must be reported to the government, allowing many to proceed quickly during what is known as "early termination." More complicated or more controversial transactions trigger a "second request" or a requirement for documents regarding the proposed transactions.