Hold up, just a few more questions.
Lindsay Clark Wed 17 Feb 2021 // 13:33 UTC Share
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The US Department of Justice has written to Salesforce and Slack to ask a few questions about December s $28bn merger announcement.
Although complying with the request could potentially delay the deal, Salesforce said it anticipated completing the transaction during its fiscal quarter ending 31 July 2021.
The legal to-and-fro relates to the antitrust division of the DoJ sending a so-called second request to the companies asking for additional information and documentary material. Technically, the request extends the waiting period (under the Hart-Scott-Rodino Antitrust Improvements Act of 1976) until 30 days after Salesforce and Slack have complied with the request.
NEW YORK–(BUSINESS WIRE)–Moody’s Corporation (NYSE:MCO) announced today that it has entered into a definitive agreement to acquire Cortera, a leading provider of North American credit data and workflow solutions. The acquisition enhances Moody’s integrated risk assessment capabilities and significantly extends coverage in the small and medium enterprise (SME) segment.
Cortera maintains one of the most comprehensive databases of credit information, featuring data and analytics on over 36 million companies. Cortera gathers data from thousands of sources, which it then enhances through artificial intelligence, and provides analytics, reports and monitoring services to help businesses make informed decisions about their counterparties.
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WEBINAR: Risk Prevention Strategies: Avoiding Costly FLSA Missteps, February 24, 2021, Nichole Atallah and Matt Feinberg. Read more here.
COVID-19 Client Resource Center: To access resources for businesses navigating the COVID-19 crisis, we invite you to visit PilieroMazza’s “COVID-19 Client Resource Center.” Contact covid19@pilieromazza.com for immediate assistance.
Federal Trade Commission Updates HSR Thresholds, February 4, 2021, David Shafer
The Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR) requires that certain mergers, acquisitions, and joint ventures be cleared by the Federal Trade Commission and the Antitrust Division of the Department of Justice if they exceed certain valuation and monetary thresholds.
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On February 2, 2021, the Federal Trade Commission (FTC) announced revised premerger notification thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR).[1] The FTC is required to revise the thresholds annually based on the change in the gross national product (GDP).
Generally, an HSR filing with the FTC and the Department of Justice (DOJ) is necessary prior to consummating certain fundamental transactions if the transaction value exceeds a certain dollar value and the parties have certain minimum revenues or asset values. However, if the transaction size exceeds a higher value threshold, then a HSR filing is necessary regardless of the size of the parties. The revisions announced by the FTC reduced the size of transaction threshold from $94 million to $92 million and also reduced the size of person thresholds from $188 million to $184 million and from $18.8 million to $18.4 million. Th