Economic Concentration: Hearings Before the Subcommittee on Antitrust and Monopoly of the Committee on the Judiciary, United States Senate, Eighty-eighth Congress, Second Session [-Ninety-first Congress, First Session].
U.S. Government Printing Office, 1970
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200 largest accounting acquired acquisition action activity additional agencies antitrust appear assets average basis believe BLAIR Chairman changes combination committee common companies competition competitors concentration concern conglomerate conglomerate mergers consideration corporations cost courts decisions Department determine diversification earnings economic effect efficiency enforcement entry evidence example existing fact Federal Trade firms growth Hart held important increase indicate industry interest investment involved issued kind leading legislation less limited major manufacturing mean measures merger method million monopoly operations particular percent performance period position possible potential practices present problem profits proposed purchase question ratio reason recent record relatively require result securities Senator share significant standards statement structure substantial suggest Table tion Trade Commission United
Page 5022 - As a charter of freedom, the Act has a generality and adaptability comparable to that found to be desirable in constitutional provisions.
Page 5007 - Act, when and under the same conditions and principles as injunctive relief against threatened conduct that will cause loss or damage is granted by courts of equity, under the rules governing such proceedings, and upon the execution of proper bond against damages for an injunction improvidently granted and a showing that the danger of irreparable loss or damage is immediate, a preliminary injunction may issue...
Page 5007 - 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.
Page 5019 - The offense of monopoly under § 2 of the Sherman Act has two elements: (1) the possession of monopoly power in the relevant market and (2) the willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident.
Page 5007 - 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 and holding all or a part of the stock of such subsidiary corporations, when the effect of such formation is not to substantially lessen competition.
Page 5097 - Other considerations cited in support of the bill were the desirability of retaining "local control" over industry and the protection of small businesses. Throughout the recorded discussion may be found examples of Congress...
Page 5097 - Monopoly, besides, is a great enemy to good management, which can never be universally established, but in consequence of that free and universal competition, which forces everybody to have recourse to it for the sake of self-defence.
Page 5007 - sales" shall mean annual gross sales, gross income, gross receipts, or, if no such amount Is applicable, the corresponding amount, whichever is largest, as set forth in reports filed by a firm with the Securities and Exchange Commission pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934, or...
Page 4752 - This is all the more remarkable in view of the fact that the Soviets did not, then or since, believe that the Sentinel system was intended only for Chinese attacks.
Page 5097 - In any competitive economy we cannot avoid injury to some of the competitors. The law does not, and under the free enterprise system it cannot, guarantee businessmen against loss. That businessmen lose money or even go bankrupt does not necessarily mean that competition has been injured. 'Competition,