From the Document: "On June 30, the Department of Justice (DOJ) and Federal Trade Commission (FTC) finalized new Vertical Merger Guidelines (VMG) outlining their approach to mergers and acquisitions between firms at different stages of a supply chain. The revised guidelines are timely: vertical integration is growing increasingly economically significant and politically fraught. As large firms in major industries-- including health care, telecommunications, agriculture, and information technology--make prominent vertical deals, some lawmakers and economists have cast a critical eye toward a phenomenon that was once viewed as largely benign. This Legal Sidebar provides a general overview of vertical merger enforcement and discusses the implications of the new VMG."
CRS Legal Sidebar, LSB10521
Congressional Research Service: https://crsreports.congress.gov/