Celler-Kefauver Anti-merger Act Law and Legal Definition
The Celler-Kefauver Anti-merger Act of 1950 is a U.S. federal statute. The object of the Act is to restrict anticompetitive mergers resulting in acquisition of assets. This Act is an amendment to the Clayton Antitrust Act of 1914.
The Act empowers the government to prevent vertical mergers and conglomerate mergers which could limit competition. However, the Act in fact closed the loop hole that existed in the previous Act which empowered the government to stop vertical mergers and asset acquisitions that reduced competition.
This Act is commonly known as the Anti-Merger Act.