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Wednesday, September 18, 2024

Justice Department and FTC extend public comment period on serial acquisitions

Attorneys & Judges
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Merrick B. Garland Attorney General at U.S. Department of Justice | Official Website

The Justice Department’s Antitrust Division and the Federal Trade Commission (FTC) have extended the deadline for public comments on serial acquisitions and roll-up strategies that may harm competition by 60 days. The joint request for information (RFI) aims to gather insights into how corporate actors, including private equity-owned businesses, grow larger—and potentially dominant—through acquisitions of several smaller firms in the same or related business sectors or industries. The new deadline for submitting comments is September 20.

Businesses are not required to report every deal to federal antitrust agencies, but some non-reportable deals still enable firms to gain significant control over key products, services, or labor markets without government scrutiny. These transactions can negatively impact competition, consumers, workers, and innovation across entire industries or business sectors.

The agencies' RFI seeks to understand more about these deals and strategies and invites a wide range of stakeholders—including consumers, workers, businesses, and others—to submit their comments. Comments can be submitted via Regulations.gov. Once submitted, they will be posted on Regulations.gov.

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