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Clayton Act
(redirected from Clayton Antitrust Act)

   Also found in: Legal, Encyclopedia, Wikipedia 0.01 sec.
Clayton Act
A 1914 American antitrust law that expanded and clarified the Sherman Act of 1890. The act prohibited price discrimination, mergers that substantially decrease competition, and other practices that the Sherman Act left for court interpretation. Significantly, the Clayton Act exempted unions and labor organizations from its provisions because the Sherman Act had been used to restrict the ability to strike.

Clayton Act
A 1914 federal antitrust law designed to promote competition by prohibiting or severely restricting practices such as the acquisition of competitors, price discrimination, secret rebates, and interlocking directorates.


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lt;p>The Clayton Antitrust Act of 1914 prohibits a person's presence on the board of two rival companies when it would reduce competition between them.
The Clayton Antitrust Act bars a person from serving on the boards of rival companies when that would restrain their competition.
A US District Court has decided to block the merger between UPM-Kymmene's Raflatac and Bemis Company's MACtac, citing a violation of the Clayton Antitrust Act.
 
 
 
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