Shannon Zollo Quoted on States’ Authority to Investigate Acquisitions in ThinkAdvisor and Corporate CounselPrint PDF
Shannon Zollo, a partner in Nutter’s Corporate and Transactions Department and chair of the firm’s Mergers and Acquisitions practice group, commented on how each state has the authority to investigate acquisitions in ThinkAdvisor. In the article, “CVS-Aetna Will (Probably) Survive New York State Friction: Corporate Lawyers,” Shannon said, “In my general experience, when something is approved at the federal level, it’s highly unlikely that it doesn’t ultimately get approved at the state level.” Furthermore, Shannon added, “There’s a whole list of factors, but if you really step back and look at these state reviews, the decision and analysis really come under a public policy perspective. What those agencies are saying is, ‘Does this merger increase competition, decrease it or keep it neutral, and how does that [determination] impact the typical consumer that uses the product or services that the combined company will offer? How does this affect the citizens of our state in terms of jobs, prices, competition?’”
This article also appeared in Corporate Counsel.