Opening the Door on Breakups
Private parties have a right to challenge a merger after it has been completed, the Justice Department (DOJ) told an appeals court, in a case with big implications for future antitrust break-ups. Jeld-Wen, one of the country’s biggest manufacturers of doors, is seeking to overturn a court order that would unwind its 2012 merger with rival Craftmaster International and require it to pay $176 million in lost profits to Steves & Sons, a customer who sued over the deal.