Assured Guaranty Ltd. yesterday said it had cleared a U.S. antitrust hurdle in its proposed acquisition of Financial Security Assurance Holdings Ltd. from Franco-Belgian bank Dexia.

The company's waiting period under the Hart-Scott-Rodino antitrust law expired 11:59 Tuesday night, giving the company clearance, Assured said. Under the law, the companies had to send notice of the proposed merger to the Federal Trade Commission and the Justice Department, which could have then requested additional information to investigate any antitrust concerns.

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