Happy birthday vertical merger guidelines: The Tipline for 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.