Cutting through duct tape: The Tipline for 9 June 2021
The Federal Trade Commission and Department of Justice’s antitrust division are each one step closer to a $67 million payday after the Senate passed the Merger Filing Fee Modernization Act on Tuesday. The legislation will require companies participating in mergers worth more than $1 billion to pay higher filing fees directly into the pockets of the watchdogs reviewing the deals. Senator Amy Klobuchar, a co-sponsor of the bill, celebrated what she called a necessary step in levelling the playing field. “You just cannot take on the biggest companies in the world with duct tape and Band-Aids,” she said.
Subscribe to Global Competition Review
Subscribe and start reading now
Global Competition Review (GCR) is the complete source of news and analysis for competition practitioners. It keeps you up to speed with the issues and trends that matter, giving you the detail, and depth, you need to operate successfully.
Subscribe now
Already have access? Login below
Copyright © Law Business ResearchCompany Number: 03281866 VAT: GB 160 7529 10