ABSTRACT
Aswecommemoratethe75thanniversaryoftheClaytonActand thelOOthanniversaryoftheShermanAct,mergerpolicyisthe subjectofintensecontroversy.Duringthelastyearsofthe
Reaganadministration,ahandfulofverylargecorporatecontrol transactionsattractedtheattentionoftheprintandtelevision media.Thatattentioninturnofferedthecriticsofantitrust policiesaplatformfromwhichtobroadcasttheirviewsconcerningtheappropriatecoursethatfederalantitrustenforcementundertheShermanandClaytonActsthatwenowcommemorate-shouldtakeinfutureyears.