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Submitted: May 6, 2011 - 7:22am
Last updated: May 6, 2011 - 7:25am
Last updated: May 6, 2011 - 7:25am
Source:
Wall Street Journal
Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States
At a May 3 House Judiciary Committee hearing featuring Attorney General Eric Holder, Rep. John Conyers (D-MI) took the Department of Justice to task for failing to block any big mergers. Then Rep. Conyers, the committee's ranking Democrat, added, "I know you're getting ready to block one large merger." That had investors wondering which of the optimistic deals out there was headed for the regulatory rocks. Perhaps AT&T's planned takeover of Deutsche Telekom's T-Mobile, or Nasdaq OMX's play for NYSE Euronext. Should Justice scotch a big deal in the coming months, merger and acquisition types will soon be hanging on Rep. Conyers' every utterance.
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