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On January 24, 2022, the Federal Trade Commission (“FTC”) published to the Federal Register the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) merger-reporting...
FTC published a notice revising premerger notification thresholds for mergers and acquisitions under Hart-Scott-Rodino Act. Als revised the thresholds that trigger a prohibition preventing companies from having interlocking memberships on their corporate boards of directors.
To embed, copy and paste the code into your website or blog: The Federal Trade Commission (FTC) has revised the thresholds that govern pre-merger notification requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act), as well as the thresholds for interlocking directorates under Section 8 of the Clayton Act. The new HSR Act thresholds will become effective for all transactions closing on or after March 4, 2021. The new Interlocking Directorate thresholds became effective on January 21, 2021. HSR Act Thresholds The HSR Act requires parties to transacti...