The Fair Trade Commission has relaxed the criteria for approving applications for corporate mergers.
A new guideline adopted Wednesday by the FTC to expedite corporate mergers calls for examining the share of global markets that would be held by companies as a result of amalgamation, in lieu of domestic market share under the previous guideline, according to the anticartel regulator.
The new guideline took effect the same day.
Although the FTC had planned to introduce the new guideline in April, it brought the date forward as a range of necessary procedures, including the collection and study of citizens’ views on the relaxation proposal, proceeded smoothly, it added.
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