4 ms·
Just a couple of months ago, someone was still suing[1] to block Alaska Air/Hawaiian. This is a merger that already entirely went through. I would predict equal
by xp84 3mo ago
Just a couple of months ago, someone was still suing[1] to block Alaska Air/Hawaiian. This is a merger that already entirely went through. I would predict equal likelihood of some state lawsuit derailing a merger like this.
[1] https://viewfromthewing.com/passengers-demand-court-undo-alaskas-hawaiian-airlines-merger-say-deal-hurts-competition-raises-prices/ https://viewfromthewing.com/passengers-demand-court-undo-ala...
- delecti 3mo agoThere's a pretty clear difference between a lawsuit by 8 individuals, vs one filed by attorneys general representing a combined ~100m people.
- deleted 3mo ago[deleted]
- xp84 3mo agoNevertheless, I have very little faith in states somehow blocking big mergers. Can you cite an example where this has happened? We've had basically every airline, several supermarket chains, and every major media company go through 1-2 rounds of megamergers. Which, specifically, have been successfully blocked by states?
- yerich 3mo agoIn 2017, Valero tried to acquire some energy infrastructure owned by Plains All American. The FTC cleared it but California's AG filed to block the deal, which was ultimately abandoned before the trial could begin. https://www.hklaw.com/en/insights/publications/2017/10/future-impacts-of-valeros-decision-to-abandon-mart https://www.hklaw.com/en/insights/publications/2017/10/futur...
- ralph84 3mo agoWashington state was key to blocking Kroger-Albertsons.
- deleted 3mo ago[deleted]
- bluedevil2k 3mo agoConsidering that California is one of the states and it’s Warner Brothers and Paramount, both entertainment companies based in California, the bark has a lot of bite.