CHAPTER 2
I. THE LEGAL AND REGULATORY PROCESS
1. Antitrust Laws
A. Sherman Act (1890)
B. Clayton Act (1914)
C. Federal Trade Commission Act (1914)
D. Cellar-Kefauver Anti-merger Act (1950)
E. Hart-Scott-Rodino Act (1976)
2. Antitrust Guidelines
A. Turner Guidelines (1968)
B. Guidelines of 1982
C. Guidelines of 1984
D. Guidelines of 1986
3. Williams Act (1968)
A. Amendment to 1934 Securities Act
B. Federal Act vs. State Acts
C. Purpose of Act
D. Section 13 (large stock acquisitions)
E. Section 14 (public tender offers)
4. Insider Trading
A. 1934 Act
B. Rule 10(b) - 5
C. Rule 14e - 3
5. State Takeover Laws
A. Authority
B. Limitations - Feds vs. states
C. Need for State regulations
D. Problems with State regulations
II. REGULATING RESTRUCTURING IN THE UNITED STATES
1. The growth of U.S. industry restructuring
A. Post-Civil War (1865)
B. Development of industry (to 1890)
C. Absence of federal regulation
D. Public attitude towards industrial giants
2. History of federal regulation of business
-- Antitrust and other acts --
A. Sherman Act (1890)
B. Clayton Act (1914)
C. Federal Trade Commission Act (1914)
D. Cellar-Kefauver Anti-merger Act (1950)
1. Williams Act (1968)
2. Business growth through mergers
A. Post-Sherman Act (1890 - 1914)
3. Post-Clayton Act (1914 - 1950)
B. Post-Cellar-Kefauver Act (1950 - 1960)
C. Growth in the 1960's - conglomerates
D. Growth in the 1970's - old line companies
E. Growth in the 1980's - leveraged buyouts
F. Growth in the 1990's - billion dollar deals
3. Relating U.S. restructure philosophies in 1990's with a global economy