The Antitrust Review of the Americas 2012

US Mergers

Antitrust Group of Sullivan & Cromwell LLP

05 September 2011

Nearly a year has passed since the Federal Trade Commission (FTC) and the Antitrust Division of the US Department of Justice (DoJ) (collectively, the Agencies) unveiled the heavily anticipated final revision of the Horizontal Merger Guidelines (2010 Guidelines) on 19 August 2010. The 2010 Guidelines substantially revised the 1992 Guidelines and purport to ‘describe the principal analytical techniques and the main types of evidence on which the Agencies usually rely to predict whether a horizontal merger may substantially lessen competition.’1

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