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United States · Bill · HR

H.R. 3639 (99th)

A bill to amend the Clayton Act by modifying the notification requirements applicable to mergers and tender offers.

openUnited States· United States Congress· EN

Introduced

29 October 1985

Last action

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Status

For Previous Action See H.R.2735.

Sponsors

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Subjects

Discovery layer

Source updated

30 June 2021

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Summary

Amends the Clayton Act to eliminate the 15-day waiting period (and thus require a 30-day waiting period) following notification of a proposed acquisition in the case of a cash tender offer. Requires the 30-day acquisition waiting period to be extended for an additional 30 days (or 60 days if, after the acquisition, the U.S. assets or probable annual U.S. sales of the acquiring person would exceed $1,000,000,000) if the Federal Trade Commission or the Attorney General requires submission of additional information or documentary material concerning the proposed acquisition.

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Documents

1 official file

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