Antitrust: Justice Department and FTC Issue Revised Horizontal Merger Guidelines

On August 19, the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) jointly announced their issuance of revised Horizontal Merger Guidelines that outline the principal analytical techniques, practices, and the enforcement policy of the DOJ and the FTC Department of Justice and the Federal Trade Commission (the “Agencies”) with respect to mergers and acquisitions involving actual or potential competitors under the federal antitrust laws. The announcement states that the revised Guidelines "mark the first major revision of the merger guidelines in 18 years," and sets out a summary of the principal changes.