Series 79 practice questionmediumHart-Scott-Rodino Act
After an HSR filing is made, what is the initial waiting period before the parties may consummate the transaction?
- A15 calendar days for cash tender offers; 30 calendar days for other transactions✓ Correct answer
- B20 business days for all transactions
- C45 calendar days for all transactions
- D60 calendar days for horizontal mergers; 30 calendar days for others
Explanation
Why A — 15 calendar days for cash tender offers; 30 calendar days for other transactions
The initial HSR waiting period is 30 calendar days for most transactions but is shortened to 15 calendar days for cash tender offers and certain bankruptcy acquisitions. During this period, the FTC and DOJ review the transaction for antitrust concerns. The agencies may grant early termination of the waiting period if no competitive issues are identified, or they may issue a second request for additional information, which extends the waiting period.
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