Compliance interpretation of request for p:remerger clearance: Denied, competitive considerations
73 F.T.C. 1303 · July 20, 1966 · Digest No. 183
source volume section (73 F.T.C. 1303)
Text is machine-OCR of the printed volume and may contain errors. Advisory opinions are the Commission's views on proposed conduct, not binding orders.
No. 183. Compliance interpretation of request for p:remerger clearance: Denied, competitive considerations. The Commission issued nn opinion July 20, 1966, in connection \Iith a request for advice as to whether a proposed merger, if consummated onld be in violation of an outstanding order prohibiting the acquiring company from making certain acquisitions.
A large manufacturer or industrial products sought clearance for its proposed acquisition of a smaller compnny in the same ftS 'yell as in a complementary product line. The requesting manllfact~ll' er 'Y:1S and is now, subject to a Commission order prohibiting, among other things, the making of certain acquisitions for a designated period or time without prior Commission approval.
Both manufacturers ",ere competitors and the smaller was quite capable of gl'o"\\-ing and developing ill the industry. Further, no efforts had been made to locate other possible purchasers. The. Commission advised that apprm"al for the proposed acquisition would not be in the public interest because it would entail the acquisition of n. competitor and further increase concentration in the industry. (File No. 6608, released Feb. 13 , 1968. ) (Opinion issued under authority of Section 3. 61 (c) of the Commission s Rules of Practice (1967).
1304 FEDERAL 'TRADE CO1.ll\IISSION DECISIONS