The FTC: see how many mergers and acquisitions it blocked during Biden admin

foxbusiness.com:

The director of the FTCs bureau of competition discusses its lawsuit to block the merger of Kroger, Albertsons on The Claman Countdown.

The Biden administration's Federal Trade Commission (FTC) has used its regulatory authority on numerous occasions in recent years to challenge proposed mergers and acquisitions.

The FTC's Bureau of Competition is responsible for enforcing antitrust laws and examines proposed mergers and acquisitions that it believes may have a negative impact on consumers due to businesses buying up their competition.

When the agency believes a merger or acquisition will undermine competition in the marketplace, it can investigate the pending deal which may result in companies revising the terms to address concerns raised, or file suit to halt the merger. It also works with the Justice Department on investigating and litigating proposed mergers.

«The FTC is committed to fully enforcing the nation’s antitrust laws by using the tools Congress gave the Commission to block anticompetitive mergers that threaten free and fair competition,» an FTC spokesperson told FOX Business. «Mergers or acquisitions can pose competition concerns in a variety of ways, either by seeking to stifle innovation, raise prices, deny rivals access to a product or service, or degrade quality, all of which can harm consumers, workers, and emerging businesses.»

KROGER-ALBERTSONS MERGER: IS IT GOOD OR BAD FOR SHOPPERS?

The Federal Trade Commission (FTC) has challenged or sued to block several high profile mergers and acquisitions in recent years. (Photographer: Andrew Harrer/Bloomberg via Getty Images / Getty Images)

The FTC's efforts to investigate and challenge proposed mergers have prompted criticism from industry, with companies