DAMITT Q2 2017 Update: Fewer Significant US Antitrust Investigations but They Still Took Longer to Conclude

July 10, 2017

According to the Dechert Antitrust Merger Investigation Timing Tracker (DAMITT), through the first half of 2017, the number of significant U.S. merger investigations concluded by the Department of Justice (DOJ) and Federal Trade Commission (FTC) declined. “Significant” merger investigations include Hart-Scott-Rodino (HSR) Act reportable transactions resulting in a closing statement, consent order, complaint challenging a transaction, or transaction abandonment for which the antitrust agency issues a press release. All of the significant investigations coming to a close in the first half of 2017 involved deals that were announced during President Obama’s tenure but concluded after President Trump’s inauguration.

There were 12 significant investigations that concluded in the first half of 2017, down from 14 in the first half of 2016. Over the 12 months ending Q2 2017, there were 31 significant investigations, down from 36 in the prior 12-month period. Likewise, the number of significant merger investigations resulting in a complaint seeking to block the transaction fell to four over the 12 months ending Q2 2017 compared to six complaints in the prior 12-month period.

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