Evaluating the Risks of Market Swaps

5 Pages Posted: 30 Aug 2006  

Maurice E. Stucke

University of Tennessee College of Law; The Konkurrenz Group

Abstract

An asset swap between two competitors can be (i) per se illegal under Section 1 of the Sherman Act or (ii) a potentially legitimate sale of assets under Section 7 of the Clayton Act. The case law and antitrust commentary vary as to which standard should be applied, and the impication can be significant for the business entities contemplating the deal. This article outlines five factors to assist in evaluating the asset swap's legality under the federal antitrust laws, and the critical determination of which standard to apply to a potentially high risk transaction.

Keywords: antitrust, mergers

JEL Classification: K21, G34

Suggested Citation

Stucke, Maurice E., Evaluating the Risks of Market Swaps. Antitrust Fall, Vol. 18, 2003. Available at SSRN: https://ssrn.com/abstract=927412

Maurice E. Stucke (Contact Author)

University of Tennessee College of Law ( email )

1505 W. Cumberland Ave.
Knoxville, TN 37996
United States
865-974-9816 (Phone)

HOME PAGE: http://law.utk.edu/people/maurice-stucke/

The Konkurrenz Group ( email )

5335 Wisconsin Ave., NW
Suite 440
Washington, DC 20015
United States

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