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43 mergers were abandoned under Lina Khan's Federal Trade Commission, a figure Khan herself counted as a measure of success.
That number now marks the before-and-after line as Chairman Andrew Ferguson works to reset the agency, with the proposed combination of Covetrus and MWI Animal Health among the deals currently under review.
When asked whether companies dropping merger plans under regulatory pressure qualified as a win, she answered: "That's right." Ferguson has pledged to "stop Lina Khan's war on mergers" and restore "certainty and clarity" to deal review.
He has described that as evaluating mergers on their merits, recognizing that companies in evolving industries often need to consolidate or risk being left behind.
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