FREE online courses on Mergers & Acquisitions - Chapter 2 - The Regulatory
Environment
So far, we have discussed the overall process for mergers and
acquisitions as well as some important legal documents. We now need to
understand some of the regulations that can affect the merger and acquisition.
In the United States,
regulations can be divided into three categories: State Laws, Federal Anti-Trust
Laws, and Federal Security Laws. Since discussion of state law is beyond the
scope of this course, we will focus on federal related laws. The Federal Trade
Commission (FTC) and the U.S. Justice Department (USJD) administer federal
anti-trust laws. The Securities and Exchange Commission (SEC) administers
federal security laws for companies registered with the SEC.