Tuesday, March 29, 2011
The WSJ Deal Journal is reporting that the NY Attorney General has jumped into the merger clearance business:
Attorney General Eric Schneiderman, who took office at the beginning of the year, announced today his office will “undertake a thorough review” of AT&T’s proposed $39 billion takeover of mobile phone company T-Mobile.
More work for lawyers, so I suppose that can only be a good thing. On the other hand, if more than a couple more AGs begin their own investigations of the AT&T/T-Mobile deal that could quickly spell the end of the deal. At least with the FTC/DOJ and the FCC clearance process the pathes are well trod. Not too many surprises will emerge from either of those bureacracies. The NY AG's office? Other AG offices around the country? Well, who knows what could result from that process.