Deals
FTC’s Khan Urges Blocking More M&A as Lockheed Deal Looms
- Company’s deal for Aerojet Rocketdyne questioned by Warren
- Divestitures may be inadequate if a merger is illegal: Khan
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The head of the Federal Trade Commission said antitrust enforcers should more frequently move to block mergers that threaten competition rather than relying on traditional remedies to fix deals and then approve them, a view that may weigh on a major acquisition by defense giant Lockheed Martin Corp.
FTC Chair Lina Khan outlined her concerns about common measures used by the Justice Department and the FTC to settle merger investigations in to Senator Elizabeth Warren of Massachusetts, who had written to the agency about deals in the defense industry.