A bill to amend the Clayton Act to improve the notification requirements applicable to foreign persons who acquire voting securities or assets of persons in the United States.
Foreign Merger Information Act of 1987 - Amends the Clayton Act to revise premerger notification requirements.
Applies such requirements to proposed mergers where: (1) the person to be acquired has total assets or annual net sales of $1,000,000 (currently, $10,000,000) or more; and (2) the acquiring person, if it is a foreign person, would hold five percent or more of the voting securities or assets of the acquired person.
Introduced in House
Introduced in House
Referred to House Committee on The Judiciary.
Referred to Subcommittee on Monopolies and Commercial Law.
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