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Revised Jurisdictional Thresholds Under HSR Act and for Prohibition of Interlocking Directorates

By Stephen M. Pepper on February 12, 2022
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Antitrust Litigation

On Jan. 24, the Federal Trade Commission (FTC) published a notice in the Federal Register revising the premerger notification thresholds for mergers and acquisitions under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). Also on Jan. 24, the FTC published revisions to the thresholds that trigger, under Section 8 of the Clayton Act, a prohibition preventing companies from having interlocking memberships on their corporate boards of directors. These revisions represent the annual adjustment of thresholds based upon changes in the gross national product (GNP).

Congress amended the HSR Act in 2000 to require the annual adjustment of notification thresholds based on the change in GNP.

Read the full GT Alert.

Photo of Stephen M. Pepper Stephen M. Pepper

Stephen M. Pepper advises clients on the antitrust aspects of mergers, acquisitions and joint ventures. He has wide-ranging experience with the antitrust pre-acquisition reporting requirements of the Hart-Scott-Rodino (HSR) Act, including HSR Act implications of complex transactions involving private equity firms and hedge

…

Stephen M. Pepper advises clients on the antitrust aspects of mergers, acquisitions and joint ventures. He has wide-ranging experience with the antitrust pre-acquisition reporting requirements of the Hart-Scott-Rodino (HSR) Act, including HSR Act implications of complex transactions involving private equity firms and hedge funds. He frequently advises clients on global merger clearance strategy for international transactions, including the coordination of international merger control filings and clearance efforts.

Stephen has obtained antitrust clearance from the U.S. Department of Justice, the Federal Trade Commission, and foreign merger control authorities for transactions in a variety of industries, including healthcare, telecom and media, engineering, electronics, software, semiconductor equipment, chemicals, retail stores, food and beverage, banking, publishing, and consulting.

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  • Posted in:
    Antitrust, Competition and Trade, Corporate Governance and Compliance
  • Blog:
    GT Israel Law Blog
  • Organization:
    Greenberg Traurig, LLP
  • Article: View Original Source

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