Series 79 practice questionhardHart-Scott-Rodino
Why do parties file under the Hart-Scott-Rodino Act?
- ATo obtain stock exchange listing approval
- BTo register securities for resale
- CTo perfect security interests in collateral
- DTo give antitrust regulators advance notice of certain transactions above size thresholds before closing✓ Correct answer
Explanation
Why D — To 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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