As Business Goes Global, Antitrust Should, TooJeffrey E. Garten
The newly proposed mergers between Chevron (CHV) and Texaco (TX), as well as between General Electric (GE) and Honeywell International (HON)--not to mention the imminent deal between America Online (AOL) and Time Warner (TWX)--are but the latest evidence of a massive restructuring of global markets by megamerger. Now that the deals are becoming bigger and more complex, it's time to enhance coordination of antitrust policy across borders.
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