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But the bad news, at least for consumers who watch their pennies, is that yet another merger decreases competition.
Some courts said, 'We can't outlaw this particular business practice because there's no showing that it actually decreases competition.' And other courts said, 'But it leads to a grossly unfair distribution of economic power, and that has long-term consequences.'.
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The Surface Transportation Board said the $1.5 billion acquisition, announced last year, would not decrease competition in the rail industry, and no shippers would lose the option of competitive services because of the takeover.
Ordinarily, a merger that decreased competition would be worrisome.
This has maintained or decreased competition over time".
And because Wall Street has largely abandoned the mortgage marketplace, Fannie Mae and Freddie Mac can charge higher fees because of decreased competition.
Since then, decreased competition among banks has caused it to increase.
It won't be easy to convince the Federal Trade Commission that the deal will not decrease competition.
"Mergers, consolidations and decreased competition all threaten to isolate rural communities," said Gov. Dirk Kempthorne of Idaho, chairman of the association.
Although it was a streamlined operation and there was decreased competition, the group experienced a sluggish and lacklustre evening, with a severe slump in acquisitions per capita.
To Senator Al Franken, Democrat of Minnesota, these deals reek of collusion, which could decrease competition and raise prices for consumers.
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