The merger of two shoe firms (becoming the second largest retailer in the nation) was challenged by the DOJ and the challenge was upheld by the Court, citing Congressional desire to promote competition through the protection of viable, small, locally owned businesses, despite the potential for higher costs and prices.
- “It is competition, not competitors, which the Act protects.”
- The Court stated that a strong, national chain of stores can insulate outlets from fierce competition is specific markets.
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