FTC Announces New HSR Reporting Thresholds

On January 21, 2011, the Federal Trade Commission announced changes to the reporting thresholds and exemptions under the Hart-Scott-Rodino Act of 1976 (the "HSR Act"). These changes result from HSR Act amendments enacted in 2000 requiring the FTC to adjust reporting and exemption thresholds annually based on changes in the Gross National Product. After declining for the first time last year, the thresholds have once again risen for 2011. The changes apply to all transactions that close on or after the effective date, which will be February 24th (30 days following Federal Register publication).

Under the new thresholds:

The minimum size-of-transaction threshold is $66.0 million (up from $63.4 million). Acquisitions below this threshold are not reportable.