...<raced also in commerce, where the effect of such acquisi or tend to create ^ ^ ' * a monopoly. tion may be to substantially lessen competition between...the corporation whose stock is so acquired and the cor poration making the acquisition, or to restrain such com merce in any section or community, or...

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...understanding may be to substantially lessen competition or tend to create a monopoly in any line of commerce. Sec. 7. That no corporation engaged in commerce shall...another corporation engaged also in commerce, where Ihe effect of such acquisition may be to substantially lessen competition between the corporation whose...

...forbade a corporation engaged in commerce "to acquire, directly or indirectly, the whole or any part of the stock or other share capital of another corporation engaged also in commerce, when the effect of such acquisition may be to substantially lessen competition between the corporation...

...admitted to be fair. Another clause prohibited the holding by one corporation of stock in another, "where the effect of such acquisition *may be to substantially lessen competition" between the two companies, or to restrain trade. By still another provision, the law forbids "interlocking directorates"...

...important. THE CLAYTON ACT. The first three paragraphs of section 7 of the Clayton Act are a follows: SEC. 7. That no corporation engaged in commerce shall acquire, directly or indi rectly, the whole or any part of the stock or other share capital of another corporatioi engaged...

...Anti-trust Act of 1914 forbade a corporation's acquiring, "directly or indirectly, the whole or any part of the stock or other share capital of another corporation...competition between the corporation whose stock is acquired, and the corporation making the acquisition." 2 The apparent futility of preventing an accomplished...

...railways declares no such corporation shall "acquire, directly or indirectly, the whole or any part of the stock or other share capital of another corporation...acquisition may be to substantially lessen competition .... or to restrain such commerce .... or tend to create a 1 monopoly in any line of commerce." Specifically...

...In commerce shall acquire, ilrectly or Indirectly, the whole or any part of the stock or other ihare capital of another corporation engaged also In commerce,...of such acquisition may be to substantially lessen Opinion of the Court. competition between the corporation whose stock Is so acquired and the corporation...

..."acquire, directly or indirectly, the whole or any part of the stock or other_share_capitaLoXanother corporation engaged also in commerce where the effect...acquisition may be to substantially lessen competition .... or to restrain such commerce .... or tend to create a monopoly in any line of commerce.',' Specifically...