Hart-Scott-Rodino Act

(redirected from Hart-Scott-Rodino Act of 1976)

Hart-Scott-Rodino Act

Often used in risk arbitrage. Antitrust act administered by U.S. Department of Justice and the FTC that requires an investor to file a form with the government before he acquires an economic interest in the lesser amount of $15 million or 15% of the capitalization of a specific security. The government has thirty days to respond to the filer.

Hart-Scott-Rodino Act

Legislation in the United States requiring any investor or company that buys 15% of equity or more than $15 million in stock in a publicly-traded company to register with the Justice Department and the Federal Trade Commission. It requires the same registration from some mergers and acquisitions. Once this registration occurs, those organizations have 30 days to determine whether the transaction violates any antitrust laws or regulations. During this time, the transaction is not allowed to close.
References in periodicals archive ?
NYSE: ITX) (formerly International Technology Corporation) (the "Company") announced today that early termination of the 15-day waiting period under the Hart-Scott-Rodino Act of 1976, applicable to the Company's previously announced transaction to acquire Fluor Daniel GTI, Inc.
On April 15, 2005, Toys "R" Us received notice of early termination of the waiting period under the Hart-Scott-Rodino Act of 1976, as amended, from the U.
Nasdaq: NOVL) has received approval under the Hart-Scott-Rodino Act of 1976 and closed on March 1, 1996.
Under the terms of the agreement, MCY will receive net consideration of approximately $30 million for the grant of the license, which is subject to government clearance under the Hart-Scott-Rodino Act of 1976, as amended.