Quote:
Originally Posted by peanuts
PSA are not doing anything that resembles anti-competitive behavior. They're buying out a competitor, which is totally allowed.
Honestly, their price hikes probably were pro-competitive, as it made a not-insignificant amount of people shift from subbing to PSA to subbing to SGC.
Regardless, this is a letdown. SGC had really been taking the boom in stride and seemed to be getting ahead of their growing pains. Will be interesting to see what happens next.  |
It's moot because Nat has said there's no deal, but you obviously are not familiar with the Clayton Act, the Hart-Scott-Rodino Act, etc. People should not make pronouncements about the law when they don't know it. Many mergers and acquisitions have been challenged successfully by the government because they substantially lessened competition. So no, buying out a competitor is not "totally allowed," it depends.