Hart-Scott-Rodino Waiting Period Expires for Comcast/AT&T Broadband Combination
The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (the HSR Act) applicable to the combination of Comcast Corporation and AT&T Broadband has expired. At this time, the HSR Act no longer prohibits the parties from closing the proposed transaction. To the extent that the Antitrust Division of the U.S. Department of Justice requests any additional information from the parties concerning the transaction, the parties expect to continue to cooperate. The parties are still awaiting certain other regulatory approvals and consents and continue to expect that the transaction will close in the fourth quarter of 2002.
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The foregoing contain "forward-looking statements" which are based on AT&T's and Comcast's beliefs as well as on a number of assumptions concerning future events made by and information currently available to management.
Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside AT&T's and Comcast's control, that could cause actual results to differ materially from such statements. These factors include regulatory and other approvals and conditions relating to the Comcast-AT&T Broadband transaction. For a more detailed description of the factors that could cause actual results to differ from forecast, please see AT&T's, Comcast's and Comcast Cable's filings with the Securities and Exchange Commission. Each of these persons, expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.