Business: Girdler Anti-Trusted

No corporation engaged in interstate commerce shall acquire . . . the whole or any part of the stock . . . of another corporation engaged in interstate commerce, where the effect of such acquisition may be to substantially lessen competition between [them].—Clayton Anti-Trust Act.

Late last summer when steel operations were down to 20% of capacity. Tom Mercer Girdler boldly announced a $323,000,000 merger of his Republic Steel Corp. and Corrigan, McKinney (TIME, Sept. 10). Steelman Girdler slaved over the registration of $78,000,000 of securities and lined up enough stockholders to...

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