DOJ antitrust chief on merger guidelines: 'Businesses want the opportunity to compete'

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U.S. Assistant Attorney General for the antitrust division Jonathan Kanter told CNBC's Jim Cramer that the new merger guidelines promote healthy competition.

that the government's latest draft of merger guidelines are meant to give businesses the chance to compete.crackdown"Businesses want the opportunity to compete," Kanter said. "They want the opportunity to compete based on the merits of their inventions and their innovations and their pricing and their customer service. That's what we want, too. We don't want to pick winners and losers, we simply want to give businesses the opportunity.

Kanter said markets have transformed and evolved significantly in the past 15 years alone, and that these guidelines are meant to keep up with those changes. He added that "more often than not," businesses tell him that they want antitrust enforcement."It's not possible if there is no ability to enter a market and compete and build a business from the ground up," Kanter said.

 

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