Mergers that were blocked or challenged by the Biden admin in 2024
CAZ Investments Chief Investment Officer Christopher Zook analyzes the number of merger and acquisition deals that took place under Biden versus Trump.
The Biden-Harris administration took an aggressive stance in scrutinizing proposed mergers and acquisitions in recent years, which resulted in several deals being blocked or paused due to regulatory action.
The Federal Trade Commission (FTC) and the antitrust division at the Department of Justice (DOJ) are the main regulatory bodies responsible for reviewing mergers and challenging them in court if there are concerns about the competitive impact.
Those two agencies have challenged several prominent mergers in recent years, several of which were blocked by courts or abandoned by the companies involved in 2024.
FTC Chair Lina Khan said in a November interview with the Council on Foreign Relations that the increased scrutiny of mergers means that «potential antitrust risk is part of the conversation on day one,» and added, «As a law enforcer, I want people to be thinking about whether their deal is going to violate the law or not going to violate the law and so that's progress.»
THE FTC: SEE HOW MANY MERGERS AND ACQUISITIONS IT BLOCKED DURING BIDEN ADMIN
Federal Trade Commission Chair Lina Khan has led the administration's efforts to challenge mergers on competitive grounds. (Drew Angerer/Getty Images / Getty Images)
Here's a look at some of the mergers that were blocked, abandoned or challenged in 2024 amid federal antitrust scrutiny.
The FTC and state legal authorities prevailed this month in lawsuits brought against the proposed $25 billion merger between Albertsons and Kroger, which would've been the largest-ever merger in the grocery industry.
The two companies
Read more on foxbusiness.com
