Last week the Federal Trade Commission announced its annual updates to the Hart-Scott-Rodino Act, effective at the end of February. The Hart-Scott-Rodino Act gives the government a chance to review certain transactions for potential antitrust concerns. It requires that the acquirer give notice to the FTC and Department of Justice and imposes a waiting period on the transaction’s closing.
Under the revised thresholds, the Hart-Scott-Rodino requirements apply if either:
- An acquisition results in the acquiring person holding more than $80.8 million worth of voting securities and assets of the acquired person and the parties meet the “Size-of-Parties” requirements, or