Vizio, Walmart receive request for additional information from FTC

In a regulatory filing, Vizio (VZIO) disclosed that on March 25, 2024, following informal discussions with the Department of Justice and the Federal Trade Commission, Walmart (WMT) notified the Antitrust Agencies that Walmart would voluntarily withdraw and refile the Hart-Scott-Rodino notification and report form for the Merger in order to give the Antitrust Agencies additional time to review the Merger. Walmart refiled the HSR notification and report form for the Merger on March 29, 2024. On April 29, 2024, VIZIO and Walmart each received a request for additional information and documentary material from the FTC in connection with the FTC’s review of the Merger. “The issuance of the Second Request extends the waiting period under the HSR Act until 30 days after both VIZIO and Walmart have substantially complied with the Second Request, unless the waiting period is terminated earlier by the FTC or extended by agreement of VIZIO and Walmart. VIZIO and Walmart expect to promptly respond to the Second Request and to continue working cooperatively with the FTC as it conducts their review of the Merger,” the filing stated.