Merger reviews
This article was originally published in The Rose Sheet
Executive Summary
Justice Department has primary responsibility for review of mergers, acquisitions involving cosmetics and hair care industries, under agreement between the Federal Trade Commission and DoJ announced March 5. FTC allocated oversight of merger, antitrust reviews involving pharmaceutical, healthcare, grocery manufacturing and retail industries. When multiple product markets are involved, "horizontal effects shall prevail over vertical or conglomerate effects, and the product markets in which competitive effects are to be evaluated that involve the largest dollar volume of commerce shall prevail over smaller product markets," agreement states...