US Justice Department streamlines merger review process

July 23 (Reuters) - The ‌U.S. ​Department ​of Justice's antitrust division said it would streamline the merger review ‌process, a move that could expedite ⁠clearance for some deals as the Trump administration ‌takes a more business-friendly ‌antitrust stance.

Here are some details:

• Companies have to file paperwork for most ​large transactions to allow the DOJ and U.S. Federal Trade Commission to ⁠examine them for competition problems. Sometimes the agencies request ​more documents, a process that can take months.

• Now, the DOJ may ​decide to ask for ‌fewer documents for some deals where it wants a closer ⁠look, and request more later if warranted. The streamlined process has been used previously, ⁠the DOJ said.

• “This change will allow for quicker ​and more efficient review of proposed transactions; more effective use of taxpayer resources; and above all, ‌helps the Department do its job to safeguard a competitive ‌marketplace while keeping America open for ⁠business,” said Associate ‌Attorney General Stanley ​Woodward Jr.

(Reporting by Jody Godoy in New York; Editing by Chizu ‌Nomiyama)

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