Unwinding Investigated Consummated Mergers—Inconsistent with Merger Policy Since 1976
Since the premerger notification program of Hart-Scott-Rodino (HSR) was passed in 1976, challenges to consummated mergers in the U.S. have dwindled and for good reason: Under HSR, antitrust enforcers can stop mergers that “may be” anti-competitive before they harm consumers. U.S. antitrust enforcers, however, might be considering more such challenges. While they are legally possible,…