Commission denies approval of proposed joint venture corporation composed of five competing manufacturers to…
73 F.T.C. 1333 · May 15, 1968 · Digest No. 245
source volume section (73 F.T.C. 1333)
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. 245. Commission denies approval of proposed joint venture corporation composed of five competing manufacturers to bid on prime contract to furnish products of uniform specification.
The Commission issued an advisory opinion denying approval of a proposed joint venture corporation to be composed of five manufacturers to bid on a large contract that would require more extensive facilities than possessed by anyone of them. The actual work on the contract would be performed by the five participating companies and by others on a subcontract basis; The five are now actual or potential competitors. In the opinion of the Commission, the proposed j oint venture corporation composed of the competing companies would appear to illegal under Federal antitrust laws as a combination to fix~prices in contract bids. (File No. 6837118, released :May 15, 1968.