Document Type

Article

Publication Title

California Law Review

Abstract

Competition for corporate control is important both because of its economic effects and because of the part it plays in corporate governance. In this Article, Professor Rock examines the role of the antitrust laws in protecting the basic competitive processes within the market for corporate control. He argues, contrary to the few cases on point, that the antitrust laws should protect competition in the market for control, just as they protect competition in other markets. He then provides a general framework for applying antitrust to the market for control and applies that framework to bidding agreements in tender offer auctions, concluding that naked restraints of trade in the market for control should be considered per se violations of the antitrust laws.

First Page

1365

DOI

https://doi.org/10.15779/Z38GF0S

Volume

77

Publication Date

1989

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