Series 79 practice questionmediumHart-Scott-Rodino Act
In the context of HSR review, what is a 'second request'?
- AA request by the FTC or DOJ for additional information before permitting a transaction to proceed✓ Correct answer
- BA request by the parties to accelerate the waiting period
- CA request by shareholders for more disclosure about the merger
- DA request by the target for a higher offer
Explanation
Why A — A request by the FTC or DOJ for additional information before permitting a transaction to proceed
A 'second request' is a formal demand by regulators for more information, which extends the HSR waiting period. The trap is confusing this with routine shareholder or company requests.
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