Answer: The Celler-Kefauver Act required bidders and targets to file with the Justice Department and Federal Trade Commission in advance of completing a merger or acquisition.

Question

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The Hart-Scott-Rodino Antitrust Improvements Act of 1976, not the Celler-Kefauver Act, requires parties to file with the Federal Trade Commission and the Department of Justice before completing certain mergers or acquisitions. The Celler-Kefauver Act, passed in 1950, primarily aimed to close loopholes in the Clayton Act by addressing asset acquisitions and mergers that could reduce competition.

Answer: the Celler-Kefauver Act Required Bidders and Targets to File