Merger Oversight and H.R. 13131, Providing Premerger Notification and Stay Requirements: Hearings Before the Subcommittee on Monopolies and Commercial Law of the Committee on the Judiciary, House of Representatives, Ninety-fourth Congress, Second Session ...
United States. Congress. House. Committee on the Judiciary. Subcommittee on Monopolies and Commercial Law
U.S. Government Printing Office, 1976 - 254 pages
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acquired acquisition action activity additional agencies amended American antitrust Antitrust Division application approval assets Attorney authority bank believe bill burden Chairman challenged Clayton Act commerce Committee common competition concern Congress consummation Corp corporation court decision Department of Justice divestiture economic effect enforcement established exempts fact Federal Trade Commission filed final firm give going Government hearings important industry Insurance interest involved issued July June KAUPER legislation limit litigation matter ment merger merging million notice notification obtain parties percent person preliminary injunction premerger notification present prior probably problem proposed provision purchase question reason relief request respect result securities SEIBERLING Sept shares standards statement stay successful Thank tion transaction United views violation waiting period
Page 248 - This section shall not apply to corporations purchasing such stock solely for investment and not using the same by voting or otherwise to bring about, or in attempting to bring about, the substantial lessening of competition. Nor shall anything contained in this section prevent a corporation engaged in commerce from causing the formation of subsidiary corporations for the actual carrying on of their immediate lawful business, or the natural and legitimate branches or extensions thereof, or from owning...
Page 248 - Courts of the United States are hereby invested with jurisdiction to prevent and restrain violations of this act ; and it shall be the duty of the several district attorneys of the United States, in their respective districts, under the direction of the Attorney General, to institute proceedings in equity to prevent and restrain such violations.
Page 240 - ... consummated pursuant to authority given by the Civil Aeronautics Board, Federal Communications Commission, Federal Power Commission, Interstate Commerce Commission, the Securities and Exchange Commission in the exercise of its jurisdiction under section 10 of the Public Utility Holding Company Act of 1935, the United States Maritime Commission, or the Secretary of Agriculture under any statutory provision vesting such power in such Commission, Secretary, or Board.
Page 165 - A single physical location where business is conducted or where services or industrial operations are performed.
Page 199 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 6 - Specifically, we think that a merger which produces a firm controlling an undue percentage share of the relevant market, and results in a significant increase in the concentration of firms in that market is so inherently likely to lessen competition substantially that it must be enjoined in the absence of evidence clearly showing that the merger is not likely to have such anticompetitive effects.
Page 66 - A public interest served by such civil suits is that they effectively pry open to competition a market that has been closed by defendants
Page 248 - Nothing contained in this section shall be held to affect or impair any right heretofore legally acquired: Provided, That nothing in this section shall be held or construed to authorize or make lawful anything heretofore prohibited or made illegal by the antitrust laws, nor to exempt any person from the penal provisions thereof or the civil remedies therein provided.
Page 38 - Congress wanted to go to the utmost extent of its Constitutional power in restraining trust and monopoly agreements...
Page 248 - Whenever it shall appear to the court before which any proceeding under section four of this act may be pending, that the ends of justice require that other parties should be brought before the court, the court may cause them to be summoned, whether they reside in the district in which the court is held or not ; and subpoenas to that end may be served in any district by the marshal thereof.