In fiscal year 2022, merger transactions and second requests decreased from the prior year.

The figures below summarize trends in merger investigations and enforcement by the Bureau of Competition of the Federal Trade Commission and the Antitrust Division of the Department of Justice as presented in Hart-Scott-Rodino (HSR) Annual Reports from fiscal years 2005 to 2022. In fiscal year 2022, merger transactions and second requests decreased from the prior year, while investigations increased from the prior year. The percentage of mergers investigated and mergers receiving a second request decreased across industries compared to ten-year averages.

Reported Merger Transactions and Agency Enforcement Actions

Agency Enforcement Actions by Industry

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