Horizontal
Merger
Guidelines

U.S. Department of Justice and the Federal Trade Commission

Issued: April 2, 1992
Revised: April 8, 1997

Note: Section 4 of these Guidelines, relating to Efficiencies, appears as it was issued in revised form by the Department of Justice and the Federal Trade Commission on April 8, 1997; and the footnotes in Section 5 of the Guidelines have been renumbered accordingly. The remaining portions of the Guidelines were unchanged in 1997, and appear as they were issued on April 2, 1992.

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