Investigation of Conglomerate Corporations: Hearings Before Antitrust Subcommittee (Subcommittee No. 5) of the Committee on the Judiciary, House of Representatives, Ninety-first Congress ...
U.S. Government Printing Office, 1970
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accounting acquired acquired company acquisition action activity addition American amount antitrust applied areas assets basis business combinations capital cash Chairman combination Commission Committee common stock company's competition concentration concerned conglomerate conglomerate merger consideration considered consolidated continued corporation cost debt December determine disclosure Division earnings economic effect equity example Exchange existing fact fair Federal firms future goodwill growth Harkins important income increase industry Institute interest investment involved issued legislation less loss major matter ment merger method million Note offer operations opinion percent period pooling possible present President principles problem profit proposed purchase question received record respect result rules securities Service shareholders shares statement stockholders subsidiaries substantial takeover tion Trade transaction warrants York
Page 306 - As a charter of freedom, the act has a generality and adaptability comparable to that found to be desirable in constitutional provisions.
Page 112 - Act of 1934 are prepared in accordance with accounting principles for which there is no substantial authoritative support, such financial statements will be presumed to be misleading or inaccurate despite disclosures contained in the certificate of the accountant or in footnotes to the statements, provided the matters involved are material.
Page 263 - ... at least 80 percent of the total combined voting power of all classes of stock entitled to vote, and at least 80 percent of the total number of shares of all other classes of stock (except nonvoting stock which is limited and preferred as to dividends...
Page 345 - OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS The American Institute of Certified Public Accountants is the national professional association of certified public accountants with more than 70,000 members throughout the United States.
Page 112 - ... (b) The rights and remedies provided by this title shall be in addition to any and all other rights and remedies that may exist under the Securities Act of 1933 or the Securities Exchange Act of 1934, or...
Page 120 - This principle is now part of the body of generally accepted accounting principles set forth by the Accounting Principles Board of the American Institute of Certified Public Accountants.
Page 287 - Nothing hampers business like uncertainty. Nothing daunts or discourages it like the necessity to take chances, to run the risk of falling under the condemnation of the law before it can make sure just what the law is.
Page 336 - Fortune magazine has stated: * • * trade relations between the giant conglomerates tend to close a business circle. Left out are the firms with narrow product lines; as patterns of trade and trading partners emerge between particular groups of companies, entry by newcomers becomes more difficult.
Page 141 - Opinions are considered appropriate in all circumstances covered but need not be applied to immaterial items. Covering all possible conditions and circumstances in an Opinion of the Accounting Principles Board is usually impracticable. The substance of transactions and the principles, guides, rules, and criteria described in Opinions should control the accounting for transactions not expressly covered. Unless otherwise stated. Opinions of the Board are not intended to be retroactive.
Page 297 - When granted by a given seller to his customers in other States, and denied to those within the State, they involve the use of that interstate commerce to the burden and injury of the latter. When granted to those within the State and denied to those beyond, they involve conversely a directly resulting burden upon interstate commerce with the latter. Both are within the proper and well-recognized power of Congress to suppress.