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Under federal antitrust law, the Hart-Scott-Rodino Act of 1976 requires companies of greater than a certain size, prior to merger, to submit paperwork and documents to the federal antitrust agencies for review. If the submitted materials spark competitive concerns from the standpoint of the agencies, either the Department of Justice or Federal Trade Commission are then allowed to temporarily halt the proposed merger by submitting a Second Request for Information.
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PGA Tour-LIV Golf merger explained: What to know about deal that shocked golf worldThe golf world is still reeling from Tuesday's announcement of the PGA Tour, DP World Tour and LIV Golf agreeing to merge their business operations.
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