Technology,
Corporate,
Antitrust & Trade Reg.,
Administrative/Regulatory
Feb. 16, 2022
FTC gloats after 2nd big merger goes down in flames
“Simply put, the deal would have resulted in higher prices and diminished quality and innovation for programs that are critical to national security,” FTC Bureau of Competition Director Holly Vedova said.
For the second time in a week, a billion-dollar merger has been terminated due to legal challenges by the Federal Trade Commission.
On Tuesday the commission celebrated the news of the termination, calling the planned acquisition of Aerojet Rocketdyne Holdings Inc. by aerospace company Lockheed Martin Corp. for more than $4 billion an anticompetitive vertical transaction.
"The acquisition would have eliminated t...
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