The American Investment Council urged FTC to withdraw its proposal to "comprehensive[ly] redesign" the premerger notification form. The Council argued that FTC lacks statutory authority to demand nearly all of the information that would be newly required.
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The Managed Funds Association urged the FTC to withdraw its proposed amendments to "redesign" the premerger notification process.
A multinational telecommunications and internet service provider settled charges with the SEC for making materially misleading statements and omissions regarding "cost-of-revenue" in its annual, quarterly and current reports.
The Congressional Research Service reviewed draft Merger Guidelines proposed by the DOJ and FTC, early responses to the proposed draft and policy considerations for Congress.
The FTC proposed amendments to "redesign" the premerger notification process to improve the "efficiency and effectiveness" of the initial review process for certain mergers and acquisitions.