The Federal Trade Commission (FTC) has announced this
year’s 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. 27, 2020.
The FTC is required under the Clayton Act to revise the HSR
thresholds annually based on changes in the gross national product.
The revisions represent an increase of approximately 4.4 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 U.S. 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 HSR's purpose to allow the FTC and
DOJ time
