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March 01, 2006
Nuance and Dictaphone Announce Termination of Hart-Scott-Rodino Waiting Period for Proposed Acquisition
By Stefania Viscusi, Assistant Editor
Nuance Communications and Dictaphone Corporation announced today that their proposed acquisition has been cleared without any undue scrutiny under the Hart-Scott-Rodino Act and granted early termination by the US Department of Justice.
Nuance (News - Alert) and Dictaphone announced an agreement on February 8, stating Nuance's purchase of Dictaphone for $357 million in cash.
The Hart-Scott-Rodino Act is an antitrust regulation that requires investors seeking to merge, acquire or consolidate to file notification with the Federal Government for a 30 day review period on the acquisitions possible effects on competition.
The transaction is expected to close by March 31, 2006.
For more on the The Hart-Scott-Rodino Act visit: http://www.ftc.gov/bc/hsr/hsr.htm
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Stefania Viscusi is an established writer and avid reader. To see more of her articles, please visit Stefania Viscusi’s columnist page.
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