Antitrust Premerger Notification Act - Provides, under the Clayton Act, that no corporation shall acquire, directly or indirectly, any voting securities or assets of any other corporation unless both corporations give advance notice of the acquisition and wait until the expiration of the premerger waiting period. Applies such notification and waiting period requirements only where: (1) either corporation's activities are "in" commerce or in an activity affecting commerce; and (2) specified dollar asset and sale limitations are exceeded.
Exempts specified classes of transactions from the notification requirements of this Act.
Provides for a civil penalty of not more than $10,000 for each day during which such corporation or person directly or indirectly holds any voting securities or assets in violation of this Act.
Introduced in House
Introduced in House
Referred to House Committee on the Judiciary.
Reported to House from the Committee on the Judiciary with amendment, H. Rept. 94-1373.
Reported to House from the Committee on the Judiciary with amendment, H. Rept. 94-1373.
Measure called up under motion to suspend rules and pass in House.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended, roll call #586 (278-103).
Roll Call #586 (House)Measure passed House, amended, roll call #586 (278-103).
Roll Call #586 (House)Provisions included in H.R. 8532 as passed House.
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