The Celler–Kefauver Act is a United States federal law passed in 1950 that reformed and strengthened the Clayton Antitrust Act of 1914, which had amended the Sherman Antitrust Act of 1890.
4-498: The Celler–Kefauver Act was passed to close a loophole regarding asset acquisitions and acquisitions involving firms that were not direct competitors. While the Clayton Act prohibited stock purchase mergers that resulted in reduced competition, shrewd businessmen were able to find ways around the Clayton Act simply by buying up a competitor's assets. The Celler–Kefauver Act prohibited that practice if competition would be reduced as
8-400: A last ditch defense, where guards could close off the inner and outer doors trapping enemy soldiers and using small arms fire through the slits. Legal loopholes are distinct from lacunae , although the two terms are often used interchangeably. In a loophole, a law addressing a certain issue exists, but can be legally circumvented due to a technical defect in the law, such as a situation where
12-531: A result of the asset acquisition. Sometimes referred to as the Anti-Merger Act , the Celler–Kefauver Act gave the government the ability to prevent vertical mergers and conglomerate mergers which could limit competition. This United States federal legislation article is a stub . You can help Misplaced Pages by expanding it . Loophole A loophole is an ambiguity or inadequacy in
16-410: A system, such as a law or security , which can be used to circumvent or otherwise avoid the purpose, implied or explicitly stated, of the system. Originally, the word meant an arrowslit , a narrow vertical window in a wall through which an archer (or, later, gunman) could shoot. Loopholes were commonly used in U.S. forts built during the 1800s. Located in the sally port , a loophole was considered
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