APPENDIX TABLE 8.--Large acquisitions made by firms classij d among the 200 largest, 1948-67 1 Acquired units with assets of $10,000,000 or more. 188 12,366 366 67 107 125 187 561 906 1.412 1.527 1,104 707 1.425 978 1.240 1,095 1.843 1,221 2.061 2.215 5.392 24,239 For years 1948-65, 200 largest firms ranked by 1965 assets; for 1966 and 1967, acquirers are 200 largest firms ranked by 1966 assets, excluding those firms acquired in 1967. Estimate of the 1968 acquisitions by the 200 largest companies of 1967. Appendix Table 9.—Examples of large mergers occurring in 1966, 1967, and 1968 APPENDE TABLE 10.-Cofficients of regression equations explaining changes in 4- and Eirm concentration ratios in 81 consumer goods industries, 1947–63 1 Percent change in value of shipment except for those industries in which the Bureau of the Census calculated concentration in terms of value of production or value added rather than value of shipments. A discrete variable which has the value one for industries falling within the category and zero for all other industries. The t-ratin. Adjusted for degree of freedom. Source: Concentration Ratios in Manufacturing Industry, 1963, pt 1 Subcommittee on Antitrust and Monopoly Committee on the Judiciary, U.S. Senate, 89th Cong., second sess., and Industry Classification and Concentration, Federal Trade Commission, 1967. APPENDIX TABLE 11.--Number of broadly defined industrial categories for which the 200 largest companies would provide separate reports under selected reporting rules Source: A special tabulation of the Enterprise Statistics data prepared by the Bureau of the Census. APPENDIX TABLE. 12.--Projected growth and actual growth al acquisitions of manufacturing companies with assets over $25,000,000, : ›59-68 1 All data are for the beginning of the calendar year. The distribution of corporations by asset-size class was first published in the Quarterly Financial Report for Manufacturing Corporations in 1959. A projection based on the assumption that the number of companies with assets over $25,000,000 would have grown at the same rate, relative to the growth of U.S. manufacturing assets, as they did during the period 1941 to 1964. Over the period 1941 to 1961 the number of companies with asscts over $25,000,000 grew at a rate 29 percent faster than the rate of increase of all manufacturing assets. Includes the number of acquisitions since 1959 of manufacturing (not including mining) companies with assets over $25,000.00 plus acquisitions made after 1948 of companies with assets between $10,000,000 and $25.000,000 at the time they were acquired that would have grown to be over $25,000,000 (between 1959 and the year shown) had the assets of such companies grown at the same rate as all manufacturing companies. Source: Federal Trade Commission- Securities and Exchange Commission, Quarterly Financial Report for Manufacturing Corporations, and Federal Trade Commission, Large Mergers in Manufacturing and Mining, 1948-67 (May 1968), as supplemented by a Federal Trade Commission computation of data for nonpublic manufacturing companies acquired. APPENDIX TABLE 13.-Manufacturing profit rates associated with various unemployment rates and rates of inflation1 Calculations are based on an equation that assumes unchanging income distribution, labor force distribution, and ⚫appropriate relative price shifts, with wages in all sectors of the economy changing at the same rate as those in manufacturing and a 3 percent rate of productivity growth. Source: George L. Perry, Unemployment, Money Wage Rates, and Inflation, the M.I.T. Press, 1966, p. 109. APPENDIX TABL 14.--List of local market and not elsewhere classified industries, 1966 Source: Annual Survey of Manufactures 1966, Value-of-Shipments Concentration Ratios by Industry, U.S. Bureau of the Census, 1968. APPENDIX TABLE 15.-Classification of 213 comparable industries by level of 4-firm concentration for 1947, 1954, 1958, 1963, and 1966 Source: "Annual Survey of Manufactures: 1966 Value-of-Shipments Concentration Ratios by Industry," U.S. Bureau of the Census; and "Industry Classification and Concentration," Federal Trade Commission, 1967. |