The Federal Trade Commission has reduced the size thresholds governing pre-merger filings that must be made under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “Act”). The purpose of the Act is to provide both the FTC and the Department of Justice with basic information on a transaction and the parties.
Effective February 22, transactions valued above $63.4 million will require HSR filings. The previous threshold was $65.2 million. The filing thresholds for larger transactions also have been reduced. The old $130.3 million threshold has been reduced to $126.9 million, and the old $651.7 million threshold has been reduced to $634.4 million.