2020 Hart-Scott-Rodino Thresholds

The U.S. Federal Trade Commission (FTC) has announced its annual revisions to the notification and filing fee thresholds of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). The HSR Act is an antitrust statute that authorizes the FTC and the Antitrust Division of the Department of Justice (DOJ) to evaluate the potential anticompetitive effects of certain merger and acquisition transactions. The HSR Act requires the parties contemplating mergers or acquisitions that meet or exceed the thresholds to: a) provide information to the FTC and DOJ regarding the acquisition and the parties' business operations; and b) await the expiration or early termination of a statutory waiting period before completing the proposed transaction. The FTC revises the thresholds annually based on the change in U.S. gross national product.