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US: DOJ fines holding co thousands for premerger notification violation

By  |  June 20, 2013
US: DOJ fines holding co thousands for premerger notification violation

Holding company MacAndrews & Forbes Holdings Inc. has been ordered to pay a fine of $720,000 for failing to meet the requirements of a premerger notification to the US Department of Justice. According to a press release, the violation occurred as MacAndrews & Forbes acquired voting securities of Scientific Games in June of last year; the acquisition landed more than $68 million in voting securities for the holdings group. The DOJ announced Thursday that the company has agreed to pay the fine.

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