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ARTICLE · 16 FEBRUARY 2021

U.S. Merger Notification Threshold Falls To $92 Million

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The Federal Trade Commission ("FTC") announced that the Hart-Scott-Rodino ("HSR") Act thresholds will decrease slightly in 2021. These thresholds determine which mergers and acquisitions must be...

United StatesAntitrust/Competition Law
Michael Knight
Michael Knight
Peter Love
Peter Love
Pamela Taylor
Pamela Taylor
John W. Magruder
John W. Magruder
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U.S. merger notification thresholds decline for just the second time; take effect on March 4, 2021.

The Federal Trade Commission ("FTC") announced that the Hart-Scott-Rodino ("HSR") Act thresholds will decrease slightly in 2021. These thresholds determine which mergers and acquisitions must be reported to the federal government before consummation. The lower thresholds take effect on March 4, and will remain in effect through early 2022.

This marks only the second time that thresholds have decreased since they were indexed to gross national product in 2005. The first time followed the global financial crisis in 2010. Parties to any transaction that is expected to close on or after March 4, 2021, may wish to revisit their HSR filing analysis using the adjusted thresholds.

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