The idea is to present the deal to regulators before its completed for a tacit approval. For the FTC, getting an early look at the deal before its completed, and expressing concerns then, is easier than trying to untangle an uncompetitive merger through the courts after its completed. With its FTC filing this week, Reynolds American is expecting to clear this regulatory hurdle first, and assuming thats successful, will put the acquisition to shareholders later en route to completing the deal by mid-2015.
Posted on: Mon, 18 Aug 2014 19:02:30 +0000
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