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What is Hart-Scott-Rodino Act Of 1976?

Definition of Hart-Scott-Rodino Act Of 1976

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.
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