Final Hart-Scott-Rodino Rules: What They Mean for M&A
Highlights
New FTC and DOJ rules will require a narrative description of any competitive overlap, including any anticipated or pipeline products, before merger clearance
Acquiring parties must disclose past acquisitions in the industry as well as minority ownership
The new rules could go into effect as early as January 2025
On Oct. 10, 2024, the Federal Trade Commission (FTC) and the Justice Department Antitrust Division announced their final rule implementing significant changes to the premerger disclosures required by the Hart-Scott-Rodino Act (HSR). A notable change is that both parties to a merger or acquisition that meets the HSR threshold must file a premerger notification form with information the FTC estimates could take two to three times longer to collect.
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