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ARTICLE · 04 FEBRUARY 2021

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

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On February 1st, 2021, the Federal Trade Commission announced revised, lower thresholds for premerger filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

United StatesAntitrust/Competition Law
Leo Caseria
Leo Caseria
Malika Levarlet
Malika Levarlet
Robert Magielnicki
Robert Magielnicki
Bevin M.B. Newman
Bevin M.B. Newman
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  1. Lower Thresholds For HSR Filings

On February 1st, 2021, the Federal Trade Commission announced revised, lower 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 had not been lowered since 2010.

The new thresholds will become effective on March 4, 2021. Acquisitions that close on or after 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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