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Merger-Review Policy: Deciphering the Record

机译:合并审查政策:解密记录

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摘要

Application of antitrust laws and regulations will play a key role in the U.S. aerospace/defense industry's continuing consolidation, as has been the case since the early 1990s. But the pattern of merger reviews by the U.S. Justice Dept., especially from 1994-97, probably runs counter to popular belief. Until regulators blocked the union of Lockheed Martin and Northrop Grumman in 1998, the general perception was that government had a laissez-faire attitude toward proposed mergers. In fact, that remains the prevailing view in some industry circles.
机译:自1990年代初以来,反托拉斯法律和法规的实施将在美国航空航天/国防工业的持续整合中发挥关键作用。但是美国司法部特别是1994-97年间的合并审查模式可能与普遍看法背道而驰。在1998年监管机构阻止洛克希德·马丁公司和诺斯罗普·格鲁曼公司的联合之前,人们普遍认为政府对拟议的合并持放任自由的态度。实际上,这仍然是某些行业中的主流观点。

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