On June 27, 2023, the Federal Trade Commission (FTC), with the concurrence of the Department of Justice (DOJ), announced the most dramatic changes to the Hart-Scott-Rodino (HSR) Act Notification and Report Form since the program’s inception.
If enacted, the changes would increase the burdens on parties to reportable transactions by requiring them to produce significantly more information about themselves and the proposed transaction and would likely lead to extended merger timelines and increased closing costs. The proposed changes are now subject to a 60-day public notice and comment period.
Israeli companies involved in mergers in the US can learn more here.