Twitter says waiting period for Musk’s deal has expired -Breaking
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© Reuters. FILE PHOTO: A picture of Elon Musk is seen on smartphone positioned on printed Twitter logos on this image illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photograph(Reuters) – Twitter Inc (NYSE:) stated on Friday the ready interval below the HSR Act for Elon Musk’s $44-billion acquisition of the social media agency has expired.
Completion of the deal is now topic to remaining customary closing circumstances, together with approval by Twitter stockholders and the receipt of relevant regulatory approvals, Twitter stated.
The HSR Act, or the Hart-Scott-Rodino Antitrust Enhancements Act of 1976, requires events to report massive transactions to each the Federal Commerce Fee and the U.S. Division of Justice Antitrust Division for evaluation.
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