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.
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 ?
Zayo Group announces the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced acquisition by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund.
Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), with respect to the pending acquisition of Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC).
The transaction is subject to customary closing conditions and the termination or expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the absence of any legal restraint challenging the validity of the transaction.
Biopharmaceutical company Nektar Therapeutics (Nasdaq:NKTR) reported on Tuesday the expiry of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the strategic collaboration agreement with Bristol-Myers Squibb Company.
The Federal Trade Commission previously granted early termination of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act.
Federal Trade Commission granting early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the pending transaction between the parties announced on February 13, 2018, Kemper Corporation announced.
Auto Business News-January 24, 2018--Key Safety Systems receives early termination of Hart-Scott-Rodino Antitrust Improvements Act for pending Takata acquisition
Broadcom also announced that it has filed a premerger notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR") with the US Department of Justice Antitrust Division and the Federal Trade Commission regarding its proposed acquisition of Qualcomm.
The Federal Trade Commission had already granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
(NASDAQ: EXTR) said that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired at 11: 59PM EDT on October 15, 2013.
Department of Justice pursuant to the Hart-Scott-Rodino Antitrust Improvements Act, remains subject to a definitive purchase agreement and satisfaction of other customary closing conditions.