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Series 79: M&A, Tender Offers & Restructuring
Series 79 practice questionhardHart-Scott-Rodino

Why do parties file under the Hart-Scott-Rodino Act?

  1. ATo obtain stock exchange listing approval
  2. BTo register securities for resale
  3. CTo perfect security interests in collateral
  4. DTo give antitrust regulators advance notice of certain transactions above size thresholds before closing✓ Correct answer
Explanation

Why DTo give antitrust regulators advance notice of certain transactions above size thresholds before closing

To give antitrust regulators advance notice of certain transactions above size thresholds before closing HSR is a premerger notification regime that allows the FTC and DOJ to review reportable transactions before consummation. The filing requirement depends on size tests and exemptions.

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