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Telecom companies WorldCom and MCI Communications announce a US$37 billion merger to form MCI WorldCom (the largest merger in U.S. history). A Fairfax, Virginia, jury finds Mir Qazi guilty of murdering two CIA employees in 1993. November 12 – Ramzi Yousef is found guilty of masterminding the 1993 World Trade Center bombing.
The 1992 Guidelines were revised in 1997, almost concurrently with the FTC's challenge of the Staples-Office Depot merger in federal court. The 1997 Horizontal Merger Guidelines were replaced on August 19, 2010. [9] These guidelines introduced the concept of "upward pricing pressure" resulting from a merger between competing firms.
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