FTC And DOJ Issue New Premerger (HSR) Notification Form

Yesterday, the Federal Trade Commission (FTC) and Antitrust Division of the Department of Justice (DOJ) announced the long-awaited changes to the Hart-Scott-Rodino premerger notification form (HSR form). The changes will go into effect 30 days from publication in the Federal Register. A copy of the FTC notice may be found here. The new form can be found here.

The FTC and DOJ first sought comments on proposed changes to the HSR form in August 2010, but it took almost a year for the agencies to publish the proposed final amendments. According to the agencies, the revised HSR form will make the review of premerger notifications "more effective," including by "eliminat[ing] unnecessary or potentially overly burdensome reporting requirements for business[es]." FTC Press Release, available here. Parties will no longer be required to provide revenue data for the 2002 "base year," provide detailed breakdowns of all of the voting securities to be acquired, or provide copies