The U.S. Justice Department has cut back its antitrust screening system in an effort to trim time and costs for examining the knottiest mergers and acquisitions. The changes involve deals that go into the second-request stage – when regulators seek additional information and give themselves extra time to determine whether the transaction poses anti-competition problems. The DOJ’s shift cuts down on the scope of information gathering from the companies undergoing a second-request review. It limits the review to certain central files of the companies and to a “targeted list” of 30 employees whose files are to be searched. The FTC previously adopted similar rules to narrow its second-request inquiries. (c) 2007 Mergers and Acquisitions Journal and SourceMedia, Inc. All Rights Reserved. http://www.majournal.com http://www.sourcemedia.com
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