Merger Enforcement Statistics: 2001-2020

Antitrust Law Journal, Vol. 85, Pp. 1-66, 2023.

(2022). Georgetown Law Faculty Publications and Other Works. 2473.

66 Pages Posted: 11 Nov 2022 Last revised: 31 May 2023

See all articles by Logan Billman

Logan Billman

Gibson, Dunn & Crutcher LLP; Georgetown University Law Center

Steven C. Salop

Georgetown University Law Center

Date Written: February 1, 2023

Abstract

This article summarizes merger enforcement data for the period between 2001 and 2020, using a database created by the authors. The database lists the identity and outcome of every transaction that received a second request during this 20-year period. The database also lists the identity and outcome of every challenge to an already-consummated merger during the period. To our knowledge, it is the only complete database for the listing and outcomes of all such transactions. The goal of creating the database is to provide further information on merger enforcement, which hopefully can inform policy and spur additional analysis. We describe the data and various results, both in aggregate and across Presidential Administrations. These include rates of second request, challenges, consent decrees, abandonments and trial outcomes. We also provide a complete listing of all merger challenges.

Note: Copyright 2023 American Bar Association. Reproduced by permission. All rights reserved. This information or any portion thereof may not be copied or disseminated in any form or by any means or downloaded or stored in an electronic database or retrieval system without the express written consent of the American Bar Association.

Keywords: Antitrust, Mergers, Enforcement

Suggested Citation

Billman, Logan and Salop, Steven C., Merger Enforcement Statistics: 2001-2020 (February 1, 2023). Antitrust Law Journal, Vol. 85, Pp. 1-66, 2023., (2022). Georgetown Law Faculty Publications and Other Works. 2473., Available at SSRN: https://ssrn.com/abstract=4274304 or http://dx.doi.org/10.2139/ssrn.4274304

Logan Billman (Contact Author)

Gibson, Dunn & Crutcher LLP

Georgetown University Law Center

Steven C. Salop

Georgetown University Law Center ( email )

600 New Jersey Avenue, NW
Washington, DC 20001
United States
202-662-9095 (Phone)
202-662-9497 (Fax)

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