On July 7, 2011, the Federal Trade Commission and Department of
Justice announced final changes to the Hart-Scott-Rodino (HSR)
reporting form. These changes include the elimination of several
categories of information that have proved unnecessary in a
preliminary merger review, such as requiring HSR filers to: (1)
provide copies of documents filed with the Securities and Exchange
Commission, (2) report economic code "base year" data, or
(3) provide a detailed breakdown of the voting securities to be
acquired.
The changes also include revisions to certain aspects of
reporting, such as the following:
- Revenue information by North American Industry
Classification System (NAICS) code - Manufacturers report
U.S. revenues from the sale of manufactured products only under the
10-digit NAICS manufacturing product codes, and report revenues
from the sale of products they do not manufacture under the current
6 digit wholesaling or retailing codes.
