Thursday, May 24, 2007
Senator Herbert Kohl (D-Wis.) yesterday sent a letter to the Justice Department and Federal Communications Commission urging regulators to block the proposed merger of Sirius Satellite Radio's and XM Satellite Radio Holdings. He argues that the deal would cause "substantial harm to competition and consumers."
Kohl has become increasingly vocal on M&A antitrust issues of late most prominently in his opposition to AirTrans' unsolicited bid for Midwest Airlines, a Milwaukee based airline. For those who are interested, I'll once again refer you to Thom Lambert over at Truth on the Market who has a very nice commentary on Kohl's views in the context of the AirTrans bid. To quote Lambert: Kohl "demonstrate[s] almost no understanding of antitrust’s role and purpose . . . ."