After acquiring the Schick brand name and electric shaver assets, North American Phillips controlled 55 percent of

Question:

After acquiring the Schick brand name and electric shaver assets, North American Phillips controlled 55 percent of the electric shaver industry in the United States. Remington, a competitor, claimed that the acquisition of such a large market share was a violation of the law because the increased competition from Phillips would decrease Remington's profits. Does Remington have a valid claim?