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Editor’s Note: On June 30, 2020, the Federal Trade Commission (FTC) and the Department of Justice (DOJ) released new guidelines for mergers seeking to combine two or more companies that operate at different levels in the same supply chain, otherwise known as Vertical Mergers. Reflecting the evolution of policy since the issuance of the 1984 Non-Horizontal Merger Guidelines, both the FTC and DOJ announcements for the new Vertical Merger Guidelines and a full copy of the published joint guidelines are provided for your consideration. Press Announcement from the Federal Trade Commission FTC and DOJ Issue Antitrust Guidelines for Evaluating Vertical…