Lessons from FTC v. Wilhelmsen for merger practitioners
Last month, Judge Tanya S. Chutkan of the United States District Court for the District of Columbia granted the FTC’s Motion for Preliminary Injunction, halting Wilhelmsen’s proposed acquisition of Drew Marine following a 10-day hearing. The opinion, a redacted version of which is now public, contains insights on esoteric but important areas of merger analysis of interest to antitrust practitioners, namely cluster markets, product markets for...