California’s attorney general would get advance notice of mergers and acquisitions under a measure state lawmakers will attempt to pass next year.
The bill (SB 25) would require companies that have to give federal regulators notice of deals under the Hart-Scott-Rodino Act to submit the same disclosures to the state if they are headquartered in California or sell a certain amount of products or services there.
The measure would expand the state’s insight into corporate dealmaking, giving California regulators more information to challenge mergers and acquisitions through the state’s antitrust law.
California would be the third and by ...