Sneaky Mergers Threaten Consumer Welfare as Regulators Overlook Partial Ownership Loopholes
The research looked at how companies buying others can sneakily gain control through owning part of the target first. They discovered that having even a partial stake makes it easier for mergers to happen, even if they're not good for customers. If officials overlook these ownership ties when deciding on mergers, it lets companies take over slyly, getting deals approved that might hurt consumers.