Hart-Scott-Rodino Filing Not Needed in Diamond Case, Belron US Reports

Belron US spokesperson Jenny Cain advised glassBYTEs.com™/AGRR today that attorneys in the case have determined that no Hart-Scott-Rodino Act filing is needed in the company's acquisition of Diamond Glass. Diamond counsel Michael Richman of Foley and Lardner has told the court last Friday, during the hearing at which the court approved the sale, that this filing might be necessary-but that it had not been confirmed yet (CLICK HERE for related story.)

"We have been advised no Hart-Scott-Rodino filing is required," Cain says.

Filing under the Hart-Scott-Rodino Act would have given the Federal Trade Commission, along with the Department of Justice, an opportunity to review the purchase for any anti-trust issues prior to the closing sale.

Richman stated at the hearing that the sale would close on Monday, June 30, if the Hart-Scott-Rodino filing was found to be unnecessary.

CLICK HERE for more information on the Hart-Scott-Rodino Act.

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