Revised Hart-Scott-Rodino Thresholds Take Effect Feb. 25, 2016

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

The Federal Trade Commission (FTC) has announced revisions to the thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), which will apply to all transactions closing on or after Feb. 25, 2016. The FTC is required under the Clayton Act to revise the HSR thresholds annually based on changes in the gross national product. As with last year's changes, the revisions represent an increase of approximately 1 percent over the current thresholds.

HSR requires parties intending to merge, purchase or sell voting securities, non-corporate interests or assets, or 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