In the judge’s economical 80-page decision, Pan found the U.S. Department of Justice easily showed the proposed merger would likely “lessen competition” in the market for book rights in violation of Section 7 of the Clayton Act. “The government has presented a compelling case that predicts substantial harm to competition as a result of the proposed merger of PRH and S&S,” Pan concluded.
Source: In Written Opinion, Judge Florence Pan Delivers Knockout Blow to PRH, S&S Merger