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DOJ’s revamped remedies manual champions role of divestiture over conduct commitments
25 Sep 2020 12:00 am
A revised merger-remedies manual published by the US Department of Justice is reverberating around the world, as the government agency’s antitrust chief, Makan Delrahim, puts forward rules that place divestitures — rather than conduct commitments — at center stage. The new guidelines will have direct consequences for dealmakers, who may now have to think twice before offering behavioral assurances over promises to simply sell off problematic assets. In Europe, meanwhile, LSE’s $27 billion deal to acquire financial-data company Refinitiv is set to put the European Commission’s regulatory acceptance of conduct commitments to the test.
03 Sep 2020 10:29 pm by Jenna EbersoleA revised merger-remedies manual doubles down on antitrust chief Makan Delrahim’s strong preference for divestitures.
18 Sep 2020 2:58 pm by Natalie McNelisThe LSE’s planned sale of Borsa Italiana probably won’t in itself be enough to secure EU approval for its purchase of financial data powerhouse Refinitiv.