Federal Trade Commission.
The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met. Competitor corporations are covered by section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $16,732,000 for section 8(a)(1), and $1,673,200 for section 8(a)(2)(A).
January 24, 2000.Start Further Info
FOR FURTHER INFORMATION CONTACT:
H. Gabriel Dagen, Bureau of Competition, Office of Accounting and Financial Analysis, (202) 326-2573.Start Signature
By direction of the Commission.
Donald S. Clark,
[FR Doc. 00-1653 Filed 1-21-00; 8:45am]
BILLING CODE 6750-01-M