Higher Thresholds For HSR Filings
On January 28, 2020, the Federal Trade Commission announced
revised, higher thresholds for premerger filings
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The
filing thresholds are revised annually, based on the change in
Gross National Product (GNP).
The new thresholds will become effective on February 27, 2020.
Acquisitions that have not closed by the effective date will be
subject to the new thresholds.
The HSR Act notification requirements apply to transactions that
satisfy the specified "size of transaction" and
"size of person" thresholds. Parties to mergers and
acquisitions meeting the thresholds must report their transactions
to the Federal Trade Commission and Department of Justice and must
observe a waiting period before closing. The key adjusted
thresholds are summarized in the following chart:
