DOJ requires divestitures in energy merger | Practical Law

DOJ requires divestitures in energy merger | Practical Law

The US Department of Justice (DOJ) has sought to block the merger of two large energy corporations in the mid-Atlantic region, claiming that the deal would substantially lessen competition and increase the price of electricity for consumers. The DOJ has also filed a proposed settlement that would allow the merger to go forward, provided the companies divest certain electricity plants.

DOJ requires divestitures in energy merger

Practical Law UK Legal Update 8-517-0639 (Approx. 3 pages)

DOJ requires divestitures in energy merger

by Practical Law
Law stated as at 21 Dec 2011USA (National/Federal)
The US Department of Justice (DOJ) has sought to block the merger of two large energy corporations in the mid-Atlantic region, claiming that the deal would substantially lessen competition and increase the price of electricity for consumers. The DOJ has also filed a proposed settlement that would allow the merger to go forward, provided the companies divest certain electricity plants.