Premerger Notification: Hearings Before the Antitrust Subcommittee (Subcommittee No. 5) of the Committee on the Judiciary, House of Representatives, Eighty-fifth Congress, First Session on H.R. 264 and H.R. 2143, Bills to Amend the Clayton Act, as Amended, by Requiring Prior Notification of Corporate Mergers and Acquisitions, and for Other Purposes, March 6, 7, 8, 20, and 21, 1957
United States. Congress. House. Committee on the Judiciary, United States. Congress. House. Committee on the Judiciary. Subcommittee No. 5
U.S. Government Printing Office, 1957 - Antitrust law - 448 pages
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acquired acquisition action additional agency amendment American antitrust application appropriate approval assets Association Attorney authority Bank & Trust bank mergers believe bill Board BROWNELL capital CHAIRMAN City Clayton Act commerce committee competition Comptroller concerned Congress consider consideration consolidations corporation correct County course court create Currency Department of Justice Deposit economic effect enforcement exemption fact factors Federal Reserve Federal Reserve Board Federal Trade Commission GIDNEY give Government hearings included industry institutions insured interest involved jurisdiction KEATING legislation lessen competition MALETZ matter mean merge million monopoly National Bank notice notification objection operating passed percent period present problem proposed provisions purchase question reason recommend record require respect result Senate situation standard statement substantially suggested tend thing tion transactions unduly United views voting waiting York
Page 127 - That no corporation engaged in commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital of another corporation engaged also in commerce, where the effect of such acquisition may be to substantially lessen competition...
Page 127 - Commission shall acquire the whole or any part of the assets of another corporation engaged also in commerce, where in any line of commerce in any section of the country, the effect of such acquisition may be substantially to lessen competition, or to tend to create a monopoly.
Page 46 - ... to the person to be served, or to a member of the partnership to be served, or to the president, secretary, or other executive officer or a director of the corporation to be served; or (b) by leaving a copy thereof at the principal office or place of business...
Page 38 - Until a transcript of the record in such hearing shall have been filed in a circuit court of appeals of the United States, as hereinafter provided, the commission or board may at any time, upon such notice and in such manner as it shall deem proper, modify or set aside, in whole or in part, any report or any order made or issued by it under this section.
Page 195 - ... to prevent and restrain such violations. Such proceedings may be by way of petition setting forth the case and praying that such violation shall be enjoined or otherwise prohibited. When the parties complained of shall have been duly notified of such petition the court shall proceed, as soon as may be, to the hearing and determination of the case ; and pending such petition and before final decree, the court may at any time make such temporary restraining order or prohibition as shall be deemed...
Page 46 - ... a decree affirming, modifying, or setting aside the order of the Commission, and enforcing the same to the extent that such order is affirmed, and to issue such writs as are ancillary to its jurisdiction or are necessary in its judgment to prevent injury to the public or to competitors pendente lite.
Page 39 - The judgment and decree of the court shall be final, except that the same shall be subject to review by the Supreme Court upon certiorari as provided in section 1254 of title 28, United States Code.
Page 38 - ... and thereupon shall have jurisdiction of the proceeding and of the question determined therein...
Page 25 - 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.