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Thursday, April 12, 2007

Clarification on DOJ Second request

April 12, 2007

There seems to be a lot of confusion and assumptions being made about the DOJ second request.

What is happening here is very typical.

The DOJ has a 30 window in which to comment. If the DOJ does not comment, the merger can proceed. The second request is a typical happening when the DOJ is still in an in depth review.

Larger transactions, or transactions that have more information to process will typically be extended beyond the thirty days via a second request.

It is also typical that a second request will come with requests for additional information. This request enables the DOJ to come to a more informed decision.

Investors should not read anything special into this request. It is simply how the process works

4/12/2007 07:57:00 PM


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1 Comments:

  • Excellent post. I am starting to think your blog understands the media industry a lot better than other satellite radio blogs.

    By Anonymous MUSCLE13, at April 13, 2007 10:36 PM  


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