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ARTICLE · 25 JANUARY 2022

Higher Filing Thresholds For HSR Act Premerger Notifications And Interlocking Directorates Announced

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On January 24, 2022, the Federal Trade Commission announced revised, higher thresholds for premerger filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

United StatesAntitrust/Competition Law
Malika Levarlet
Malika Levarlet
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  1. Higher Thresholds For HSR Filings

On January 24, 2022, the Federal Trade Commission announced revised, higher thresholds for premerger filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The filing thresholds are revised annually, based on the change in Gross National Product (GNP) and after last year's atypical decrease they have again increased.

The new thresholds will become effective on February 23, 2022. Acquisitions that have not closed by the effective date will be subject to the new thresholds.

The HSR Act notification requirements apply to transactions that satisfy the specified "size of transaction" and "size of person" thresholds. The key adjusted thresholds are summarized in the following chart:

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