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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: Techplayer who wrote (12824)8/17/1999 10:39:00 PM
From: Ian@SI  Read Replies (2) | Respond to of 18016
 
Early Antitrust Clearances



Name of acquiring Name of entity with
person or company assets or stock acquired

Newbridge Networks Corp. Stanford Telecommunications Inc.



The above companies or persons were granted early termination of the waiting period under the Hart-Scott-Rodino Act. The termination date is 08/16/1999. The FTC provides no further information on these transactions.

The Hart-Scott-Rodino Act generally requires investors to notify the Federal Trade Commission if they intend to acquire a minimum of 15% of a company's outstanding shares, or, stock or assets valued at a minimum of $15 million.

The statute is designed to enable the FTC to review proposed mergers and acquisitions for possible violations of the antitrust laws. The FTC frequently grants "early termination" of the waiting period required by law.