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Merger Tactics and Public Policy (CRS Report for Congress)

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Release Date Feb. 17, 1982
Report Number 82-13E
Report Type Report
Authors Carolyn Kay Brancato
Source Agency Congressional Research Service
Summary:

This report describes the merger process, including types of mergers, motivation for merger and acquisition activity, and offensive and defensive tactics used to implement or thwart a takeover. The Federal oversight functions of the Securities and Exchange Commission, the Federal Trade Commission, and the Antitrust Division of the Justice Department are discussed. Finally, the report briefly raises public policy questions concerning how takeover activity relates to equity, efficiency, and concentration of power within the economy and within the firm.