"Merger Wave"and The New Anti-Trust Policy in the U.S.

Abstract

This paper is a study of Leagan's economic policy and it's legal control with the analysis of Merger & Acquisition early in the 1980's. Particular attention is paid to Anti-Trust Policy and to Deregulation Policy of Legan's government, and we attempt to comprehend the historical meaning of M & A. We have no trouble in finding the typical case as to the transitional position of Anti-Trust Policy;there excerpted, the legal case of ATT, IBM. And then, these amicable settlements above mentioned leaded to one conclusion that U.S.political economy would get a vital power like in the 1960's. Pax Americana II, that is the target of Leagan's political strategy. And it will be realized only through the accumulation of economic vital performance. We, howerer, lastly would like to propose some problems on the future of U.S.economy, especially on the "Merger Wave". This paper contains the following items:I Introduction II Outlook for the wave of Merger & Acquisition III The legal case of ATT, IBM problems IV Political Economy of M & A V Reaction of FTC and Congress VI Some consideration