FTC Chairman Andrew N. Ferguson Announces that the FTC and DOJ’s Joint 2023 Merger Guidelines Are in Effect

Federal Trade Commission Chairman Andrew N. Ferguson announced today that the FTC and Department of Justice’s joint 2023 Merger Guidelines are in effect and will serve as the framework for the FTC’s merger-review analysis.

“Stability is good for the enforcement agencies. The wholesale rescission and reworking of guidelines is time consuming and expensive,” Chairman Ferguson said. “We should undertake this process sparingly. We have limited resources to patrol the beat and constant turnover undermines agency credibility.”

Chairman Ferguson’s memo to staff on the Merger Guidelines can be found here.