Saturday, December 31, 2011
Maytag/Whirlpool Merger Ends Up Pro-Competitive - How Do We Know? They Are Using Trade Law to Limit Competition
Posted by D. Daniel Sokol
Maytag/Whirlpool was the rallying cry for "under-enforcement" of mergers under the Bush administration (see for example here but see here for practitioner survey evidence that suggests that some limits to the narrative). Today's WSJ reports that Whirlpool is using the trade laws to claim "injury" from cheap imports (the second time this year)-- the same Korean imports that were critical to DOJ allowing the merger to proceed because imports disciplined price in "white" appliances.