The competition criterion in British merger control policy.

From: Policy Studies Journal | Date: June 22, 2002| Author: | Copyright information

Competition has always been the watchword in British merger control, gaining renewed prominence in 1984 when Norman Tebbit, then-Secretary of State for Trade and Industry, announced that competition among suppliers would be his principal criterion for deciding whether select corporate mergers were in the British public's interest. The Secretary of State for Trade and Industry (hereafter referred to as the Secretary) is the linchpin in the British system of merger control, and every Secretary since Tebbit, with one exception, has reiterated the emphasis on competition. (1) The ...

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