The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires large companies to file a report before completing a merger, acquisition or tender offer. Enacted by President Ford as a set of amendments to existing U.S. antitrust laws, such as the Clayton Antitrust Act, the Hart-Scott-Rodino Act requires parties to notify the Federal Trade Commission and Department of Justice of large mergers and acquisitions before they occur with the filing of an HSR Form, also called a Notification and Report Form for Certain Mergers and Acquisitions, and generally known as a premerger notification report. The report is meant to alert regulators to the intent of companies to merge so they may perform a review of the action based on antitrust laws.
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