Revised Hart-Scott-Rodino Thresholds Effective February 20, 2015

John R. Dierking is a Partner in our Orlando office .

Revised thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) have been announced by the Federal Trade Commission (FTC), effective for transactions closing on or after Feb. 20, 2015. Section 7A of the Clayton Act requires revisions to the HSR thresholds annually based on changes in the gross national product. This year's changes represent an increase of approximately 1 percent over last year's thresholds.

HSR requires parties intending to merge, purchase or sell voting securities, non-corporate interests or assets or those that engage in certain other acquisition transactions to provide both the FTC and the Antitrust Division of the Department of Justice (DOJ) with information regarding their operations and the proposed transaction if certain minimum jurisdictional thresholds are met. HSR stays the consummation of a covered transaction for the waiting period specified by law based on