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U.S. antitrust agencies temporarily suspend practice of early terminations

Published 02/04/2021, 01:45 PM
Updated 02/04/2021, 01:50 PM
© Reuters. Signage is seen at the Federal Trade Commission headquarters in Washington, D.C.

WASHINGTON (Reuters) - The Federal Trade Commission and Justice Department's Antitrust Division, which determine if mergers are legal, will temporarily suspend the practice of granting early terminations for mergers, the agency said in a statement on Thursday.

With the changeover to President Joe Biden's administration and a big jump in the number of merger filings, the FTC additionally said the two antitrust regulators will also review "processes and procedures" used to grant early termination.

© Reuters. Signage is seen at the Federal Trade Commission headquarters in Washington, D.C.

Early termination is when a merger is approved quickly, often within 30 days.

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