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Simple English definitions for legal terms

Hart–Scott–Rodino Antitrust Improvement Act

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A quick definition of Hart–Scott–Rodino Antitrust Improvement Act:

The Hart-Scott-Rodino Antitrust Improvement Act is a law that makes sure big companies can't merge without telling the government first. If a company has a lot of money and wants to buy another company for a lot of money, they have to let the government know. This law helps the government make sure that companies don't become too powerful and hurt competition.

A more thorough explanation:

The Hart–Scott–Rodino Antitrust Improvement Act is a law passed by the United States government in 1976. It gives the Justice Department more power to enforce antitrust laws, which are designed to prevent companies from becoming too big and dominating the market. The law requires companies to notify the Federal Trade Commission and the Justice Department if they plan to merge with another company and if one of the companies has annual revenues or assets over $100 million and the acquisition price or value of the acquired company is over $15 million.

For example, if Company A wants to merge with Company B and Company A has annual revenues of $150 million and Company B has assets worth $120 million, they would need to notify the government of their plans because one of the companies has annual revenues or assets over $100 million. If the acquisition price or value of Company B is over $15 million, they would also need to notify the government.

This law helps prevent companies from becoming too big and dominating the market, which can lead to higher prices for consumers and less competition. By requiring companies to notify the government of their plans to merge, the government can review the merger and make sure it is not harmful to competition.

Harter Act | hash

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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