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ARTICLE · 03 FEBRUARY 2023

FTC Announces New Hart-Scott-Rodino Act Thresholds

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On January 26, 2023, the US Federal Trade Commission (FTC) published its annual update to the Hart-Scott-Rodino (HSR) Act thresholds in the Federal Register.

United StatesAntitrust/Competition Law
Scott Perlman
Scott Perlman
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On January 26, 2023, the US Federal Trade Commission (FTC) published its annual update to the Hart-Scott-Rodino (HSR) Act thresholds in the Federal Register. Significantly, the FTC also announced a new filing fee structure with fees for transactions valued in excess of approximately $1 billion being increased from $280,000 to a maximum of $2.25 million for transactions valued at $5 billion or more.

The HSR Act governs those deals that must be reported to the FTC and the US Department of Justice prior to being consummated.1

Pursuant to the new thresholds, a transaction will be reportable if:

  • The transaction value is greater than $445.5 million (previously $403.9 million); OR

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