The legislation that prohibits the acquisition of assets of another company if the transaction would significantly reduce competition, thereby closing a loophole in the Clayton Act, is the

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The Celler-Kefauver Act amended the Clayton Act to address a loophole that allowed companies to acquire assets, rather than the entire company, to avoid antitrust scrutiny. This act prohibits such acquisitions if they would substantially lessen competition.

The Legislation That Prohibits the Acquisition of Assets of Another