Indicating that the Federal Trade Commission needs more time to review its acquisition of Foot Locker, Dick’s voluntarily withdrew the notification and report form filed to pass Hart-Scott-Rodino scrutiny. Refiling the documents tomorrow will restart the 30-day waiting period under the HSR Act. Both retailers remain confident they’ll be able to close the merger before the end of the year, and vowed to work constructively with FTC staff on the HSR review.

The delay is somewhat surprising, given the Trump Administration’s hands-off approach to business regulation. In 2017, during Trump’s first term, ... Log in to view full article.