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Sen. Warren Introduces Antitrust Bill She Says Would Have Prohibited Lockheed-Aerojet Deal

Cal Biesecker By
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Sen. Warren Introduces Antitrust Bill She Says Would Have Prohibited Lockheed-Aerojet Deal
Sen. Elizabeth Warren (D-Mass.)

Sen. Elizabeth Warren (D-Mass.) on Wednesday introduced legislation aimed at stopping large, anticompetitive mergers that would also give antitrust regulators more authorities to stop deals without going to court. Warren said the Prohibiting Anticompetitive Mergers Act of 2022 (S. 3847) would have prohibited Lockheed Martin's [LMT] proposed $4.4 billion acquisition of rocket maker Aerojet Rocketdyne [AJRD], which was ultimately blocked by the Federal Trade Commission (FTC) due to anticompetitive concerns. The bill was introduced in the House by Rep. Mondaire…

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