FTC advises against some information sharing during deal talks

According to the military adage “loose lips sink ships.” When it comes to mergers, they can also violate the law.

The Federal Trade Commission warned in a March 20 blog post that lawyers need to be aware that during discussions about acquisitions, mergers or joint ventures, the parties involved “have a legitimate need to access detailed information about the other party’s business in order to negotiate the deal and implement the merger. But some information of interest may be competitively sensitive, such as current and future...

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