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ARTICLE · 11 FEBRUARY 2025

New HSR Filing Requirements Poised To Take Effect

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In November, we reported that the United States would be overhauling the antitrust-related Hart-Scott-Rodino (HSR) form and premerger filing process. While there has been speculation that the Trump Administration.

United StatesAntitrust/Competition Law
Christopher Caparelli
Christopher Caparelli
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In November, we reported that the United States would be overhauling the antitrust-related Hart-Scott-Rodino (HSR) form and premerger filing process. While there has been speculation that the Trump Administration might postpone implementation, the new HSR form and associated rules are now poised to take effect for all HSR filings submitted after 5:00 P.M. Eastern Standard Time on Friday, February 7, 2025.

What you need to know

  • The rules require non-definitive agreements to contain detailed deal terms that may not be practical for inclusion in non-binding LOIs or term sheets. The renewed availability of early termination of the HSR waiting period also reduces the benefits of filing on a non-definitive agreement.

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