FTC Staff Provides Guidance On Hart-Scott-Rodino Procedures

The Premerger Notification Office staff of the Federal Trade Commission ("FTC") detailed the timeline for Hart-Scott-Rodino ("HSR") procedures.

In an FTC blog post, the staff explained that parties engaging in certain mergers and acquisitions must submit premerger notification filings and wait for a designated period of time before completing the transactions. The staff provided the following guidance related to HSR procedures:

• The waiting period begins when fully completed HSR filings from the buyer and seller are received by the FTC and the DOJ.
• For most transactions, the waiting period lasts 30 days.
• Parties can request early termination of the waiting period, which may be approved at the discretion of the FTC and the DOJ.