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Start Preamble
AGENCY:
Federal Trade Commission.
ACTION:
Notice.
SUMMARY:
The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met. Competitor corporations are covered by Section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $25,319,000 for Section 8(a)(1), and $2,531,900 for Section 8(a)(2)(A).
EFFECTIVE DATE:
January 29, 2008.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
James F. Mongoven, Bureau of Competition, Office of Policy and Coordination, (202) 326-2879.
(Authority: 15 U.S.C. § 19(a)(5)).
By direction of the Commission.
Start SignatureDonald S. Clark
Secretary
[FR Doc. E8-1487 Filed 1-28-08: 8:45 am]
[BILLING CODE 6750-01-S]
Document Information
- Effective Date:
- 1/29/2008
- Published:
- 01/29/2008
- Department:
- Federal Trade Commission
- Entry Type:
- Notice
- Action:
- Notice.
- Document Number:
- E8-1487
- Dates:
- January 29, 2008.
- Pages:
- 5192-5192 (1 pages)
- PDF File:
- e8-1487.pdf