FTC Approves Annual Adjustments To HSR And Interlocking Directorate Thresholds

The Federal Trade Commission (FTC) has announced revised thresholds for the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976. The revisions increase the lowest "size-of-transaction" threshold at which HSR filings may be required from the current $59.8 million to $63.1 million.

Under the HSR Act, the FTC and Department of Justice (DOJ) must be notified before mergers, acquisitions and other transactions that meet certain monetary thresholds are consummated. Once notification is filed, the parties must observe a 30-day waiting period (unless granted early termination) to allow the agencies to review the transaction for possible violation of antitrust laws.