U.S. Justice Department Obtains Record Fine And Injunctive Relief Against Activist Investor For Violating Premerger Notification Requirements - ValueAct To Pay $11 Million For Investing In Halliburton And Baker Hughes Without Notifying Antitrust Authorities

The Department of Justice announced today that ValueAct has agreed to pay $11 million to settle allegations that certain ValueAct entities violated the reporting and waiting period requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”).  As part of the settlement, ValueAct has also agreed to injunctive relief designed to prevent future violations.