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 deal is to be completed subject to various customary closing conditions including antitrust review under the Hart-Scott-Rodino Act.
Closing of the transaction is subject to various customary closing conditions including antitrust review under the Hart-Scott-Rodino Act.
TOKYO (Alliance News) - The US Department of Justice announced Monday that Japanese companies Canon Inc and Toshiba Corp have agreed to settle federal charges for violating the premerger notification and waiting period requirements of the Hart-Scott-Rodino Act.
The transaction is subject to Federal Energy Regulatory Commission and Georgia Public Service Commission approvals, antitrust review under the Hart-Scott-Rodino Act and other customary closing conditions and is expected to close in latter 2019.
The Federal Trade Commission granted an early termination of the waiting period under the Hart-Scott-Rodino Act with respect to US-based professional services firm Marsh and McLennan Companies, Inc.'s (NYSE: MMC) deal to acquire UK-based insurance, reinsurance and employee benefits related advice, brokerage and associated services provider Jardine Lloyd Thompson Group plc (LSE: JLT), the firm said.
The deal is subject to completion of certain customary conditions, including clearance under the Hart-Scott-Rodino Act.
The Federal Trade Commission (FTC) announced the revised jurisdictional thresholds for reporting transactions under the Hart-Scott-Rodino Act on January 21, 2016.
TELECOMWORLDWIRE-March 31, 2016-Leidos' Hart-Scott-Rodino Act waiting period expires
The Hart-Scott-Rodino Act of 1976 requires businesses to report proposed M&A deals to the government.
Coverage includes how tender offers are regulated in the US, tender offer tactics, proxy contests, the Hart-Scott-Rodino Act, strategic litigation, cross-border transactions, planning for the defense, federal regulation of a target's responses to a takeover, poison pills, antitrust defenses, and how to protect a negotiated transaction against a competing bid, among other topics.