Last May the United States Supreme Court annulled a “marriage.” It ordered the dissolution of a merger between the third and sixth largest supermarket chains in Los Angeles. Two weeks later, reversing a lower court decision, it reinstated the Justice Department’s challenge of the Pabst-Blatt brewing company merger. Both mergers, the court found, had taken place in industries marked by a steady trend toward economic concentration and both threatened to “substantially Ie...
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