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Assembly approves SB 25 to give Attorney General earlier access to merger filings
Summary
SB 25, presented on behalf of Senator Umberg, would grant the California Attorney General access to proposed merger filings concurrently with federal agencies to accelerate state review; the Assembly passed the bill 43-14 after the Majority Leader summarized the bill and noted security-minded amendments.
SB 25 was presented on the Assembly floor on behalf of Senator Umberg by the Majority Leader. The sponsor argued the bill would streamline state merger review by giving the California Attorney General access to proposed merger filings at the same time they are filed with the Federal Trade…
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