The waiting period for US antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired for Berkshire Hathaway’s pending acquisition of Russell Corporation. The waiting period terminated on May 30, 2006.
As previously announced on April 17, 2006, Russell Corporation and Berkshire Hathaway have entered into a definitive merger agreement pursuant to which Berkshire Hathaway has agreed to acquire Russell Corporation in exchange for the payment of $18.00 per share for each outstanding share of Russell Corporation stock. The transaction remains subject to certain closing conditions, including Russell Corporation stockholder approval.
