Powell, Goldstein, Frazer & Murphy LLP
Most large mergers and acquisitions are reviewed by the United States government prior to consummation. The two agencies reviewing these transactions are the Department of Justice ("DOJ") and the Federal Trade Commission ("FTC"). In order to provide a degree of predictability in those reviews, the agencies have promulgated a set of rules with regard to how the parties report their transactions to the government and how those transactions are evaluated. This note provides some background on both the premerger notification requirements and the guidelines for evaluating mergers.