Hogan Lovells Publications | Antitrust and Competition Alert | 23 August 2016

UK Company Agrees to Pay HSR Fine in Connection with Vesting of Restricted Stock Units

On 10 August 2016, the Federal Trade Commission (FTC) announced that Caledonia Investments plc (Caledonia), a UK public limited company, agreed to pay a fine of US$480,000 to settle charges that it violated the premerger notification and waiting period requirements of the Hart-Scott-Rodino (HSR) Act of 1976 when it acquired voting securities of Bristow Group, Inc. (Bristow) in February 2014 through the vesting of restricted stock units.

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