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 |
From inside the book
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Page 44
... included in the omnibus bank bill as section 61 of title II , chapter 9 , which reads as follows : Nothing contained in this chapter shall be interpreted or construed as ap- proving any act , action , or conduct which is or has been or ...
... included in the omnibus bank bill as section 61 of title II , chapter 9 , which reads as follows : Nothing contained in this chapter shall be interpreted or construed as ap- proving any act , action , or conduct which is or has been or ...
Page 49
... included . This savings clause , along with the amendment of section 7 of the Clayton Act , would still enable the Attorney General to proceed should any bank merger unreasonably restrain competition . The CHAIRMAN . I think that is an ...
... included . This savings clause , along with the amendment of section 7 of the Clayton Act , would still enable the Attorney General to proceed should any bank merger unreasonably restrain competition . The CHAIRMAN . I think that is an ...
Page 64
... included , and arguments in support of it . That will be introduced in the record as an exhibit then ? The CHAIRMAN . Yes ; that has been accepted . Mr. BROWNELL . I call the attention of the subcommittee members to the fact that H. R. ...
... included , and arguments in support of it . That will be introduced in the record as an exhibit then ? The CHAIRMAN . Yes ; that has been accepted . Mr. BROWNELL . I call the attention of the subcommittee members to the fact that H. R. ...
Page 65
... included in this bill . Mr. KEATING . Mr. Attorney General , you have not dealt in your statement at all with this provision in these bills about the Federal Trade Commission having the same or similar rights or similar rights to bring ...
... included in this bill . Mr. KEATING . Mr. Attorney General , you have not dealt in your statement at all with this provision in these bills about the Federal Trade Commission having the same or similar rights or similar rights to bring ...
Page 69
... included , as long as it a ordinary course of the corporation's business , them . Mr. MALETZ . Some objections , as you recall , worr the basis that such transactions might not be ea opinion that they would be ? Mr. BROWNELL . Yes . Mr ...
... included , as long as it a ordinary course of the corporation's business , them . Mr. MALETZ . Some objections , as you recall , worr the basis that such transactions might not be ea opinion that they would be ? Mr. BROWNELL . Yes . Mr ...
Common terms and phrases
absorbed bank acquiring corporation amendment antitrust laws application approval asset acquisitions Attorney authority Bank & Trust bank assets Bank Holding Company bank mergers bank supervisory agencies believe Board of Governors BROWNELL Celler-Kefauver Act CHAIRMAN Clayton Act commerce commercial banks Commission or Board committee Comptroller County Trust court create a monopoly Department of Justice effect EMANUEL CELLER enforcement exemption factors Farmers Federal bank supervisory Federal Deposit Insurance Federal Reserve Board Federal Reserve System Federal Trade Commission GIDNEY GWYNNE Holding Company Act industry injunction insured bank JENNINGS jurisdiction KEATING legislation lessening of competition MALETZ merge National City Bank omnibus banking bill percent premerger notification proposed merger provisions public interest purchase question recommendation require Savings Bank section 23 Sherman Act standard statement stock acquisitions stock or assets substantially lessen competition substantially to lessen tend to create testified tion total assets transactions unduly to create York
Popular passages
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 147 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
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.