Not Merging Is Not Securities Fraud
Also Universal SPARC, private credit redemptions, private credit liquidity and E. coli at the corporate retreat.
A thing that sometimes happens is:
This is not what anyone wants, and obviously when the companies are contemplating and negotiating the merger they will think about the antitrust risk and have some plan to get approval, and some optimism that it will work out. But companies are generally willing to take some risk and sign merger agreements even without a 100% probability of getting antitrust approval. Sometimes that goes badly.