wccftech.com, Jan. 13, 2021 –
Semiconductor company Xilinx, Inc. has confirmed that the mandatory waiting period required by the United States Federal Trade Commission (FTC) and the Department of Justice to conduct an investigation to determine whether an acquisition violates American anti-trust laws for the company's acquisition by Advanced Micro Devices Inc (AMD) has expired. AMD announced its decision to acquire Xilinx in October last year, with Xilinx set to become an AMD subsidiary once the deal closes.
AMD's Xilinx Acquisition Fails To Draw Regulatory Scrutiny As Stipulated Time Period Under 1976 HSR Act Expires
The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires that after entering into a merger or an acquisition, the parties must wait for government agencies to conduct investigations into the deal. These investigations determine whether the deal violates any laws or would be competitively harmful.