Quote:
Originally Posted by Peter_Spaeth
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.
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Peter, I’ve been through three corporate mergers and in all three my managers emphatically denied there were any type of transaction in process. Of course, after the mergers ( I had still had jobs with two of three, at least for a “while”,), the word was these managers knew about the acquisitions but were sworn to secrecy under threat of litigation and were instructed to say the rumors were not true. Much of this, I am sure, was due to federal secrecy and non disclosure requirements...
Just my two cents from my past of misdirection and big money. Denials mean not a wholehelluva lot to me, no offense intended to anyone responding in this thread.