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BumRushDaShow

(169,779 posts)

6. "Since when does the US Dept. of Justice approve corporate mergers and buyouts?"

Thu Feb 26, 2026, 05:01 AM

Feb 26

DOJ is part of the approval process (Anti-trust unit) in partnership with the FTC.

The FTC has a summary of the procedures that need to happen when companies want to merge -

Premerger Notification and the Merger Review Process

And aside from Warren Buffett's Berkshire Hathaway being involved, this merger was yet another private equity FAIL brought to you by 3M Capital.

Same idiotic song, same idiotic verse, a little bit louder and a whole lot worse (from 7 years ago) -

Kraft Heinz backer 3G Capital faces reality: Brutal cost-cutting isn’t enough

Published Fri, Feb 22 2019 11:09 AM EST Updated Fri, Feb 22 2019 12:56 PM EST

Lauren Hirsch
@laurenshirsch

Key Points

(snip)

Much of Kraft Heinz’s management comes from 3G Capital, rather than being food industry veterans.

(snip)

You also had that merged company attempt to buy Unilever just a few years after the initial merger, so they could become one of the largest food companies in the world.

It's all GREED and bragging rights rather than selling a quality product and gaining customers.

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FakeNoose

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