NEW:  McDermott Will & Emery discuss Federal Trade Commission statements and implementation of penalties as emphasizing the need to complete required divestitures promptly following the close of mergers in Antitrust Agencies Show Frustration with Slow Divestitures.

Wachtell discusses the Federal Trade Commission’s updates to guidance on antitrust implications of vertical mergers in U.S. Antitrust Agencies Issue New Vertical Merger Guidelines.

Perkins Coie discusses vague terms in antitrust covenants, noting increases in lawsuits following terminated mergers, in “Reasonableness” Is in the Eye of the Beholder: Vague Contracts Clauses Invite Litigation.

Sidley discusses increasing scrutiny of non-compete provisions in acquisition agreements by antitrust authorities in FTC Targets M&A Agreements in Continued Campaign Against Noncompete and No-Poach Clauses.

Sullivan & Cromwell summarizes draft Department of Justice and Federal Trade Commission guidelines on antitrust analysis of vertical mergers (between companies at different levels of a common supply chain) in U.S. Antitrust Regulators Publish Significant Guidance Concerning Vertical Mergers — 30-Day Public Comment Period.