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Nader statement on Boeing
STATEMENT BY RALPH NADER
ON THE FEDERAL TRADE COMMISSION
APPROVAL OF THE BOEING-McDONNELL DOUGLAS MERGER
For immediate release, For more information:
July 1, 1997 Ralph Nader, 202-387-8034
Today's 4-1 decision by the Federal Trade Commission approving the
Boeing-McDonnell merger is the most portentous collapse of antitrust
enforcement in a generation.
What credibility can the FTC have against any future horizontal merger by
two giant companies that leave the United States with only one
manufacturer of a major product line?
Only yesterday, a federal district court upheld the FTC's decision
opposing the Staples-Office Depot merger. The unavoidable conclusion from
today's decision by the FTC is that antitrust enforcement is restricted to
smaller, less politically influential corporations.