"On Monday, the FTC requested more information from both companies about the $1.7 billion deal, according to an investor filing from iRobot, in what’s known as a “second request” and an indicator of deeper scrutiny by antitrust officials."
So then back to the original aricles implied take about the incompetence of these wall street investors. What kind of billion dollar deal doesn't have info on the deal?
i don't know what information is ask for, or what format is needed but I would assume it all needs to be rewritten - likely censoring information not asked for they want to not share.
Last time France allowed a huge merger/acquisition without asking to read the books, it was Alstom/GE, and GE books were so cooked it isn't even funny. Lot of people lost their jobs, a lot of the tech edge got lost, and now China is close to be a market leader.
So personally I think that finance guys should move their head from their asses and allow for inquiries, because their lies and deceit are damaging the society they live in. Maybe we should hold board members and C-suite all responsible when books are cooked, and maybe, when they're proven trustworthy, the red tape might decrease.
There are later press communications where Khan's FTC took credit for it. There was a strong implication they let the EU do the lifting but would have filed suit if they hadn't.
So, that is common and doesn't mean they are going to shut down a deal. E.g., also in 2022 they made a "second request" for the Broadcom acquisition of VMWare and that one went through.
How did they shut it down?