Hart-Scott-Rodino Act

(redirected from Hart-Scott-Rodino Antitrust Improvements Act)
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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 ?
Approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 from the U.
Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for the proposed acquisition of Biomet by an entity currently controlled by private equity funds sponsored by each of The Blackstone Group, Goldman, Sachs & Co.
NYSE: CMX) acknowledges notification of a filing on January 3, 2007 by Express Scripts with the Federal Trade Commission and with the Antitrust Division of the United States Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Connetics Corporation (Nasdaq:CNCT), a specialty pharmaceutical company that develops and commercializes dermatology products, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the proposed merger of Connetics with Stiefel Laboratories, Inc.
Subject to CNS stockholder approval, the expiration of the waiting period for the merger under the Hart-Scott-Rodino Antitrust Improvements Act, and the other terms and conditions of the merger agreement, CNS expects that the merger will be completed as promptly as practicable after the Special Meeting of Stockholders.
ScottishPower (NYSE: SPI) were granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act on February 12 in connection with their proposed merger.
Pending the receipt of stockholder approval and expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other required regulatory approvals, as well as satisfaction of other customary closing conditions, the transaction is expected to be completed in the fourth quarter of 2006.
1 /PRNewswire/ -- Stant Corporation (Nasdaq: STNT) announced today that the waiting period under the provisions of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired at 11:59 p.
LLC, a Los Angeles-based private equity firm led by Ron Burkle, filed on June 30, 2006, under the Hart-Scott-Rodino Antitrust Improvements Act, to acquire up to $680 million of SUPERVALU common stock.
Substantial progress has been made and Wright is hopeful that the clearance process under the Hart-Scott-Rodino Antitrust Improvements Act can be completed by Monday, December 5, 1994, although no assurance can be given that the process will be completed by this date, or that the tender offer will not be further extended.
antitrust clearance, as the statutory waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act expired without issuance of a second request by the U.
Roberts, as the ultimate parent entity of Comcast, and on November 16, TCI filed certain information with the Federal Trade Commission in response to second requests for information under the Hart-Scott-Rodino Antitrust Improvements Act ("HSR Act") relating to the acquisition of QVC, Inc.