94-273. Revised Jurisdictional Thresholds for Section 8 of the Clayton Act
[Federal Register Volume 59, Number 4 (Thursday, January 6, 1994)]
[Notices]
[Page 751]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-273]
[[Page Unknown]]
[Federal Register: January 6, 1994]
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FEDERAL TRADE COMMISSION
Revised Jurisdictional Thresholds for Section 8 of the Clayton
Act
AGENCY: Federal Trade Commission.
ACTION: Notice.
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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 $12,092,000 for section 8(a)(1), and $1,209,200 for
section 8(a)(2)(A).
EFFECTIVE DATE: January 6, 1994.
FOR FURTHER INFORMATION CONTACT:
James Mongoven, Bureau of Competition, Office of Policy and Evaluation,
(202) 326-2879.
(Authority: 15 U.S.C. 19(a)(5)).
By direction of the Commission.
Donald S. Clark,
Secretary.
[FR Doc. 94-273 Filed 1-5-94; 8:45 am]
BILLING CODE 6750-01-M
Document Information
- Published:
- 01/06/1994
- Department:
- Federal Trade Commission
- Entry Type:
- Notice
- Action:
- Notice.
- Document Number:
- 94-273
- Dates:
- January 6, 1994.
- Pages:
- 751-751 (1 pages)
- Docket Numbers:
- Federal Register: January 6, 1994