Early termination of the waiting period was requested in 82 percent of cases. The FTC challenged fourteen transactions. Nine resulted in consent orders and four were abandoned.
The report emphasized HSR compliance as a priority. The FTC and the DOJ monitored transactions for failure to comply with the HSR Act. Failures resulted in fines of up to $11,000 per day.
The HSR Act required prior notification and observance of a pre-closing waiting period in certain acquisitions involving voting securities or assets.
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