Mergers & Acquisitions,
Corporate,
Antitrust & Trade Reg.
Jun. 24, 2020
A range of outcomes on merger challenges
Recent developments and strategic implications.
Micah G. Block
Partner
Davis, Polk & Wardwell LLP
Email: micah.block@davispolk.com
Stanford Univ Law School; Stanford CA
THIS COLUMN APPEARED IN THE 2020 TOP ANTITRUST LAWYERS SUPPLEMENT
In the United States, enforcement agencies generally lack authority to block mergers on competition grounds unilaterally. Instead, they typically must sue to enjoin a deal (in contrast to, e.g., China, where the agency itself may block a transaction on its own). Since the 1980s, the government has steadily won merger challenges that proceeded to trial. For example, during the eight-year Obama admi...
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