The Federal Trade Commission (FTC) has announced its 2020 jurisdictional and filing fee thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). The thresholds, adjusted annually, determine whether parties involved in proposed mergers, consolidations or other acquisitions of voting securities, assets or unincorporated interests must notify the FTC and the Antitrust Division of the Department of Justice (DOJ) of a proposed transaction and comply with a mandatory waiting period before the transaction can be consummated. The new thresholds will go into effect February 27, 2020. The FTC also has announced an increase in the maximum civil penalty for non-compliance with the HSR Act, as well as revised thresholds for prohibited interlocking directorates under Section 8 of the Clayton Act.
A very brief summary of the changes is as follows:
Transactions Valued at:
The above is only a general summary. A multitude of exceptions may apply. Please contact us if you have questions or desire additional details.
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