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July 09, 2018
The approval of AT&T’s deal with Time Warner is expected to ratchet up M&A after the court ruled against the Department of Justice’s challenge to the vertical merger between the two companies. Stephen Fraidin commments.
An excerpt from "AT&T Decision Is Already Impacting Deal Strategy," Agenda, July 9 2018:
Stephen Fraidin, M&A partner at Cadwalader, Wickersham & Taft, likewise says any lingering uncertainty for companies stems from not knowing whether to expect a similar challenge from the government on a vertical deal.
“I do think that a lot of businesspeople are wondering about whether the government is going to continue with a policy of attacking these kinds of vertical transactions,” he explains. “I think the uncertainty is largely about how determined the government is going to be, how determined the Justice Department and the [Federal Trade Commission] are going to be."