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US: 2012 showed increase of merger oppositions

By  |  May 1, 2013

The 2012 fiscal year resulted in a rise in objections to merger deals within the nation, according to reports. According to some antitrust lawyers, the findings may be representative of Obama’s firmer stance within competition policy. The nation’s two antitrust regulators, the Department of Justice and the Federal Trade Commission, made moves to block or modify 44 transactions in 2012’s fiscal year, up from 37 in 2011’s fiscal year. The news was released in a joint report from the two agencies and represents a 19 percent raise in merger challenges since President Obama took office in 2009. While reports acknowledge that most merger challenges were resolved in settlements, some were blocked altogether, like 3M Co’s $550 million bid for Avery Dennison Corp.

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