This questions has bugged me for a while. So any answer with rationale , references would be appreciated. I can best ask this question with the help of an example.

Intel , the market leader , is competing against AMD (which is the only other major player in the chip industry). Now , AMD has been in red for last 3 quarters and if it were to file for bankruptcy under chapter 11 , it would leave Intel as the sole major player in the Industry. Can Intel now acquire AMD? Will it invoke the antitrust law against Intel or it won’t matter as AMD’s bankruptcy has left Intel as the market leader anyhow!

Awaiting replies.

Best,
BudFox