14 June 2019
The US antitrust agencies issued their vertical merger guidelines 35 years ago today. While the horizontal version has been formally revised six times since its inception, the non-horizontal guidelines from 1984 remain unchanged. Both agencies say they are working on an updated version, but some observers question if they will be able to reach a consensus. In other birthday news, President Donald Trump turns 73 and Representative Jim Sensenbrenner, the ranking Republican on the House of Representatives’ antitrust subcommittee, turns 76.