The Federal Trade Commission (FTC) has announced its annual
revisions to the thresholds under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 (HSR), which will apply to all
transactions closing on or after March 4, 2021. The FTC is required
under the Clayton Act to revise the HSR thresholds annually based
on changes in the gross national product and this year's
changes reflect an approximately 2.1 percent decrease from the
current thresholds, the first decrease since 2010.
HSR requires parties intending to merge, purchase or sell voting
securities, non-corporate interests or assets, or engage in certain
other acquisition transactions to provide both the FTC and the
Antitrust Division of the U.S. Department of Justice (DOJ) with
information regarding their operations and the proposed transaction
if certain minimum jurisdictional thresholds are met. HSR stays the
consummation of a covered transaction for the waiting period
specified by law based on HSR's
