The DOJ and FTC have shown renewed interest in probing the potential anticompetitive effects of a series of acquisitions by an individual company. Once a focus of judicial attention, as well that of Congress when it passed the 1950 Cellar-Kefauver Act amending the Clayton Act, serial acquisitions have largely dropped off the antitrust radar screen in recent years. This paper discusses statutory, legislative, and judicial attention to serial acquisitions, going all the way back to early Sherman A
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