Opinion ID: 306505
Heading Depth: 1
Heading Rank: 7

Heading: conclusion

Text: Since it appears that the acquisition will eliminate substantial direct competition between Corporation's subsidiaries and Mutual Savings for savings deposits and residential mortgage loans and will increase concentration in these markets, we conclude that the proposed acquisition will likely have a significantly adverse effect on competition in the City of Fort Worth and in the Fort Worth SMSA. 4 The Court stated: In defining the product market between these terminal extremes, we must recognize meaningful competition where it is found to exist. Though the outer boundaries of a product market are determined by the reasonable interchangeability of use or the crosselasticity of demand between the product itself and substitutes for it, there may be within this broad market, well defined submarkets . . . which, in themselves, constitute product markets for antitrust purposes. Brown Shoe Co. v. United States, 370 U.S. 294, 325, 82 S.Ct. 1502, 8 L.Ed.2d 510, 535, 378 U.S. at 449, 84 S.Ct. at 1743. Where the area of effective competition cuts across industry lines, so must the relevant line of commerce; otherwise an adequate determination of the merger's true impact cannot be made. Id. at 457, 84 S.Ct. at 1747.