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These guidelines were replaced by the 1992 Merger Guidelines, [7] which fine-tuned previously established tools and policies, such as the SSNIP test and rules governing the acquisition of failing firms. [8] The 1992 Guidelines were revised in 1997, almost concurrently with the FTC's challenge of the Staples-Office Depot merger in federal court.
In the United States, for example, the Clayton Act outlaws any merger or acquisition that may "substantially lessen competition" or "tend to create a monopoly", and the Hart–Scott–Rodino Act requires notifying the U.S. Department of Justice's Antitrust Division and the Federal Trade Commission about any merger or acquisition over a certain ...
Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176) Institute of Mergers, Acquisitions and Alliances (MANDA) M&A An academic research institute on mergers & acquisitions, including bank mergers
Mergers and acquisitions that harm competition: Mergers and acquisitions that result in a significant reduction in market competition may be considered anti-competitive. This may include actions such as acquiring a competitor to eliminate or reduce competition, or merging to form a dominant market player who may engage in anti-competitive behavior.
The merger had been rumored for some time as both banks had a number of directors in common; Prosser was president of the Bankers and a director of the Astor and Edmund C. Converse was president of the Astor and a director of the Bankers. [14] The Astor continued "with no change in management, as the uptown branch of the Bankers Trust Company."
Summary; The Hart–Scott–Rodino Antitrust Improvements Act of 1976 (HSR Act) is a pivotal federal law enacted by the 94th United States Congress on September 30, 1976. Its primary purpose is to amend the antitrust laws of the United States, primarily the Clayton Antitrust Act, to regulate mergers, acquisitions, transfers of securities, and ...
Purchase price allocations are performed in conformity with the purchase method of merger and acquisition accounting. In the United States, a second method (known as the pooling or pooling-of-interests method) was discontinued after the issuance of the Statement of Financial Accounting Standards No. 141 “Business Combinations” (“ SFAS 141 ...