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Prospect of tougher antitrust regulation worries deal investors

Shares of Time Warner have fallen 10 % since word first leaked in early November that the Justice Department might challenge the AT&T purchase

Chris Sanders | Reuters  |  WASHINGTON 

The top US antitrust regulator has sent a chilling message to dealmakers with his opposition to AT&T Inc buying Time Warner Inc : Companies do not have to be competitors for their merger to hurt competition, and there are no simple fixes to get such deals approved. The Department of Justice's lawsuit to block the AT&T purchase could be a negative sign for other so-called "vertical" mergers - where the companies do not compete but one supplies the other - such as pharmacy operator CVS Health Corp's plan to buy insurer Aetna Inc . Investors had thought ...

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First Published: Thu, November 23 2017. 02:16 IST