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Wed Nov 24, 2021, 07:41 PM

U.S. sues to halt sugar merger, says it would harm competition

WASHINGTON -- The Justice Department filed a lawsuit on Tuesday seeking to block a major U.S. sugar manufacturer from acquiring its rival, arguing that allowing the deal would harm competition and consumers.

The suit was filed in federal court in Delaware. It comes about eight months after U.S. Sugar announced it reached an agreement to acquire the Imperial Sugar Company, one of the largest sugar refiners in the nation.

The lawsuit is the latest example of the Justice Department's approach to aggressive enforcement of federal antitrust law that officials say is aimed at ensuring a fair and competitive market. It comes months after President Joe Biden signed an executive order that called on the Justice Department and Federal Trade Commission to vigorously enforce antitrust statutes and promote market competition.

"Robust antitrust enforcement is an essential pillar of the Justice Department's commitment to ensuring economic opportunity and fairness for all," Attorney General Merrick Garland said in a statement. "We will not hesitate to challenge anticompetitive mergers that would harm American consumers and businesses alike."

Read more: https://www.texarkanagazette.com/news/2021/nov/23/us-sues-to-halt-sugar-merger-says-it-would-harm/

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Reply U.S. sues to halt sugar merger, says it would harm competition (Original post)
TexasTowelie Nov 24 OP
BootinUp Nov 24 #1
GeoWilliam750 Nov 25 #2

Response to TexasTowelie (Original post)

Wed Nov 24, 2021, 07:58 PM

1. Some of my favorite history is about Teddy Roosevelt

and his antitrust initiatives/efforts. Two thumbs up.

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Response to BootinUp (Reply #1)

Thu Nov 25, 2021, 06:56 AM

2. You might want to read up on Taft's role in anti-trust legislation

For example:

The Bully Pulpit

You might come away surprisingly impressed at how much of anti-trust legislation was actually Taft's work

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