Revised HSR Thresholds 2017 01/27/2017Posted by Morse, Barnes-Brown Pendleton in Client News, Corporate, M&A.
Tags: acquisitions, antitrust, antitrust law, corporate attorney, corporate law, Hart-Scott-Rodino, HSR, HSR Act, HSR thresholds, mergers, mergers and acquisitions
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On January 19, 2017, the Federal Trade Commission (FTC) issued its annual press release announcing revised jurisdictional thresholds for 2017 in connection with reportable transactions under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). These new HSR thresholds will go into effect 30 days after they are published in the Federal Register, which is expected to happen in late February.
Tags: Federal Trade Commission, FTC, HSR, inflation, mergers, mergers and acquisitions
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The Federal Trade Commission announced that the maximum civil penalty for violations of the premerger notification requirements of the HSR Antitrust Improvements Act of 1976 has increased from $16,000 to $40,000 per day. A premerger notification gives the FTC and the Department of Justice, which share jurisdiction over HSR, the ability to review a transaction for anti-competitive effects and determine whether to seek injunctive or other relief before it closes. This 150% penalty increase is due to “catch-up” inflation adjustments.