Increased reporting thresholds apply to pre-merger notifications filed on or after February 24, 2011.
The Federal Trade Commission (FTC) recently announced revised thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) and 2011 thresholds for determining whether parties trigger the prohibition against interlocking directors under Section 8 of the Clayton Act.
Notification Threshold Adjustments
Pursuant to the amendments passed by the U.S. Congress in 2000, the FTC published the revised thresholds for HSR pre-merger notifications in the Federal Register on January 25, 2011. These revised thresholds will become effective on February 24, 2011. Any transaction completed and any HSR pre-merger notifications filed on or after February 24, 2011, must comply with these new thresholds.
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