U.S. FTC to restrict future deals for firms that pursue 'anticompetitive mergers'

(Reuters) - The U.S. Federal Trade Commission said on Monday it is restoring its practice of routinely restricting future acquisitions for companies that pursue “anticompetitive mergers."

A policy statement put the industry on notice that the agency has restored the practice of prohibiting acquisitive firms from merging again without FTC's prior approval, the FTC said bit.ly/3bcQogt.

Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler

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