Hart-Scott-Rodino Act

(redirected from Hart Scott Rodino Act)

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The transaction is also subject to the expiration or early termination of the waiting period under the Hart Scott Rodino act. Emmis intends to cover the purchase price using a new senior credit line.
28 June 2013 - British building products supplier Tyman Plc (LON:TYMN) said today the US Department of Justice's antitrust division had terminated the Hart Scott Rodino Act waiting period for the company's acquisition of US operating hardware maker Truth Hardware Corp from Melrose Industries Plc (LON:MRO).