Celler-Kefauver Antimerger Act

(redirected from Celler-Kefauver Act of 1950)

Celler-Kefauver Antimerger Act

An American antitrust law passed in 1950 that closed a major loophole in the Clayton Act. While the Clayton Act prohibited mergers that reduced competition, it allowed companies to buy individual assets of competitors. Some companies did this to such an extent that it reduced competition, which had the potential to effectively sideline the Clayton Act. The Celler-Kefauver Act closed this loophole, giving the government the power to stop vertical mergers and asset acquisitions regarded as reducing competition. It is often simply called the Antimerger Act.

Celler-Kefauver Antimerger Act

A 1950 federal antitrust law that updated the Clayton Act by severely restricting anticompetitive mergers resulting from acquisition of assets.
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The Celler-Kefauver Act of 1950 transformed section 7 into a more effective tool for private litigants:
Finally, there was the Celler-Kefauver Act of 1950, which amended the Clayton Act section 7 regulation of corporate mergers.