Scope of the Investment-Only Exemption

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The Hart-Scott-Rodino Act (“HSR Act” or the “Act”) requires parties to certain acquisitions to notify the Federal Trade Commission (“FTC”) and the Antitrust Division of the Department of Justice (“DOJ”) (collectively, “the Agencies”), and to observe the applicable statutory waiting period before closing. The HSR Act’s applicability is limited both initially by the size of transaction and size of person thresholds, and subsequently by any statutory exemptions.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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