Musk’s Twitter Acquisition Clears U.S. Antitrust Review…

by Lucas Manfredi at Fox Business

Elon Musk’s $44 billion acquisition of Twitter is a step closer to completion as the regulatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 officially expired on Friday.

The HSR requires companies to give advance notice of transactions above a certain threshold to the Federal Trade Commission and Department of Justice. The agencies have 30 days from the notification to pursue an initial investigation of the transaction to determine whether additional information is needed to assess its legality.  Neither agency requested additional information.

While the expiration of the HSR waiting period has been satisfied, Twitter emphasized that the deal’s completion is still subject to remaining customary closing conditions, including shareholder and remaining applicable regulatory approvals.

The deal, which would take Twitter private at $54.20 per share, is expected to close in 2022…