APPENDIX 6 MATERIAL RELATING TO THE TESTIMONY OF DR. JOHN M. BLAIR TABLE 1.-Industries with assets of companies purchased by the 100 most active acquiring firms in excess of $100,000,000, 1950-63 TABLE 2.-29 selected industries1 and all manufacturing industries, 1958 See footnotes at end of table, p. 964. 1 Industries whose asset value of companies purchased by the 100 "most active" acquiring firms, 1950-63, exceeded $100,000,000. 1 Excluded from tabulation. Source: All industries: 87th Cong., 2d sess., Senate Subcommittee on Antitrust and Monopoly, "Concentration Ratios in Manufacturing Industry, 1958," pt. I, table 2, and pt. II, table 8. TABLE 4-A.-Number and assets of firms1 acquired by the 100 most active acquirers, 1950–63, distributed by size of acquired firm TABLE 4-B.-23 acquired companies with assets at time of acquisition of $100,000,000 or more 1 At time of acquisition. 2 $20,700,000 of asset value attributed to earlier Sylvania mergers is not included in this figure. 3 $22,000,000 of asset value attributed to earlier Philco mergers is not included in this figure. TABLE 5.-Ranking of 104 acquired companies which were among 1,000 largest manufacturing companies, 1948 1 Includes 7 companies not shown on matrix chart; in industries in which there was only one acquisition by 100 "most active" acquiring companies. TABLE 6.-Companies among the 500 largest in 1948 purchased by the 100 "most active" acquirers, 1950-63 TABLE 6.-Companies among the 500 largest in 1948 purchased by the 100 “most active" acquirers, 1950–63-Continued 1 Not shown on matrix chart; only 1 acquisition by 100 "most active" acquiring companies in this industry. APPENDIX A. STANDARDS AND METHODOLOGY From the 200 largest companies ranked by assets in 1962, 100 companies were selected which could be regarded as the most active acquiring companies judged by several tests, as described below. For each major acquiring company each acquisition of a manufacturing company (or portion of a company's manufacturing assets) of substantial size (i.e., valued at $1 million or more) was listed. showing the date of acquisition, asset value (or consideration paid) and product description for the facilities purchased. The names and the assets of these companies were obtained from a merger listing in preparation by the Federal Trade Commission. From the FTC data, it was possible to obtain information on significant acquisitions of manufacturing assets made by the 100 companies through the end of 1963. The FTC data were supplemented from published sources, chiefly Moody's Industrial Manual, Standard & Poor's Corporation Records, the SEC's directory of listed corporations, Thomas' Register of American Manufacturers and the Fortune "500" Directories, as well as company annual reports and stock listing applications. The other type of information necessary for the tabulation was the industry identification for the companies involved in the mergers. In attempting to assign individual companies to a specific industry a problem arises in that the more diversified the company, the more difficult the classification. Some large diversified companies are sufficiently specialized that classification presents no par |