MERGER ENFORCEMENT AT THE ANTITRUST DIVISION

Mr. Pfunder: Good morning. My name is Sandy Pfunder. I am the Chair of the Clayton Act Committee. We thought we would have some fun this morning. It's an open, unstructured format in which the only topic is merger enforcement at the Antitrust Division of the Justice Department. Michael Boudin, Tony Nanni, and John Clark have agreed to join us and hold forth on a variety of subjects dealing with how mergers are reviewed, how merger investigations are conducted, and how the basic enforcement decisions within the Antitrust Division are made relat-