Antitrust Premerger Notification Act

Summary

Antitrust Premerger Notification Act - Provides, under the Clayton Act, that no corporation shall acquire, directly or indirectly, any stock or other share capital or assets of any other corporation, if: (1) the acquiring corporation or the corporation, any stock, other share capital, or assets of which are being acquired, or both, are engaged in commerce or in an actvity affecting commerce; and (2) specified dollar asset and sale limitations are exceeded; until 30 days after such corporation files a premerger notification with the Federal Trade Commission and the Antitrust Division of the Justice Department. Exempts specified classes of transactions from the notification requirements of this Act. Provides for a civil penalty of not more than $10,000 for each day during which such person directly or indirectly holds stock or assets in violation of this Act.

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Documents

2 official files

• Reported to House with amendment(s)

  summary · EN · 28 July 1976

  Open at official source

• Introduced in House

  summary · EN · 28 June 1976

  Open at official source

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