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Question
Bob is on the Board of Directors of both Acme Corporation and Beta Corporation. Acme recently acquired Teen Co., a retailer of teen girls' clothing. Beta Corporation had previously acquired Limitless Co., another retailer of teen girls' clothing. Except the teen girls' clothing business, Acme and Beta do not have any other competing businesses. Under the Antitrust Amendments of 1990:
A. Bob must resign from the Board of Directors of both Acme and Beta corporations.
B. Bob must resign from the Board of Directors of Acme Corporation.
C. Bob need not resign from either Board of Directors if the teen girls' clothing business contributes minimally to either organization's sales.
D. Bob need not resign until a competitor of Limitless and Teen Co. successfully challenges Acme's acquisition.
Answer
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