Deregulation And Merger Enforcement In The Natural Gas Industry
- Topics:
- Acquisitions
- Tags:
- Deregulation,
- Telecom & Utilities,
- Natural Gas,
- Mergers & Acquisitions,
- Merger,
- Investment,
- Industry,
- Finance,
- Energy Policy,
- White & Case
- Source:
- White & Case
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Overview: An effective national energy policy is crucial to the efficient operation of the American economy and the maintenance of a high standard of living. The executive and legislative branches quite rightly set this national policy. Policy makers have clearly chosen the path of deregulation for the energy sector as a whole. During the last several years, there has been a tremendous increase in mergers and acquisitions in the natural gas industry. The article begins by discussing the impact of deregulation in the natural gas marketplace and suggests why that has led to industry restructuring. It then describes some of the older natural gas merger enforcement actions, which established the initial foundation of merger analysis in this industry. It also examines cases from the last few years to highlight important recent developments in all segments of the industry, ending with a discussion of convergence mergers. While this increase in natural gas mergers has coincided with the overall merger wave, the primary driving force behind recent consolidation is increased deregulation. The movement towards deregulation is an important change in the American economy, and it has not been confined to the natural gas industry. It has particularly affected all energy sectors including natural gas and electricity.
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Format: PDF | Size: 471KB | Date: Jan 2003 | Pages: 42
