ABSTRACT

Aswecommemoratethe75thanniversaryoftheClaytonActand thelOOthanniversaryoftheShermanAct,mergerpolicyisthe subjectofintensecontroversy.Duringthelastyearsofthe

Reaganadministration,ahandfulofverylargecorporatecontrol transactionsattractedtheattentionoftheprintandtelevision media.Thatattentioninturnofferedthecriticsofantitrust policiesaplatformfromwhichtobroadcasttheirviewsconcerningtheappropriatecoursethatfederalantitrustenforcementundertheShermanandClaytonActsthatwenowcommemorate-shouldtakeinfutureyears.