clayton-act
Every record this desk has filed under clayton-act, newest first, each with the number of sources it can still show you.
Beretta wanted up to 25% of Ruger and two seats on its board. The FTC says two seats between competitors is an illegal interlocking directorate, and took the seats away — with 30 days for the public to object.
On September 16 the Federal Trade Commission accepted a proposed consent order resolving antitrust concerns over a stock purchase agreement between Beretta Holding S.A. and Sturm, Ruger & Co. Under the deal Beretta would raise its stake to as much as 25 percent of Ruger's outstanding shares and appoint two members of Ruger's board — which the FTC alleges would create an illegal interlocking directorate under Section 8 of the Clayton Act. The order bars Beretta from causing anyone who is not independent of Beretta to join Ruger's board, requires 15 days' advance written notice before any such appointment, and bars Beretta from hiring or entering financial relationships with an independent director it nominated until a year after that director leaves. The Commission voted 2-0; the public has 30 days to comment.
Also filed underftcantitrustinterlocking-directoratescomment-deadline
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