Hall Render’s Post

The Federal Trade Commission announced today it’s long awaited changes to the HSR notification program for mergers and acquisitions. While the final rule represents a significant paring back of what was contemplated under the original proposal more than a year ago, the changes, which will be implemented after the new year, will significantly expand the disclosure and reporting requirements. Follow this space for more on what the new rules will bring, and what it will mean for deal makers.

The FTC has announced its final rule on HSR premerger notifications, introducing significant changes that will impact costs and timelines for transactions. The updated rules expand reporting obligations, emphasizing a deeper dive into deal structures and beneficial ownership. While these changes aim to enhance regulatory scrutiny, they bring added complexities for dealmakers. If you're navigating these shifts, this article provides a comprehensive overview of the updates and their implications for mergers & acquisitions.

From Lowenstein Sandler LLP: On October 10, 2024, the Federal Trade Commission released the final revised rules governing premerger notification filings under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act.  ... The new HSR filing requirements will add complexity to filings and impose a greater burden on the vast majority of parties in HSR reportable transactions. ... As you are contemplating the timing for HSR reportable mergers and acquisitions planned for early 2025 and thereafter, below are several key changes and considerations to keep in mind. #ftc #filingrequirements #mergers #hsr #notificationfilings

🚨 New HSR Filing Requirements Coming in January 2025 🚨 The FTC recently unveiled revised rules for HSR premerger notifications, marking the first major update since 1978. Effective late January 2025, these changes will increase the complexity and preparation time for filings, especially for private equity and acquisitions with competitive overlaps. Additional information in this article: https://lnkd.in/gzwePU52 #Mergers #Antitrust #PrivateEquity #Compliance

Take a look our next blog post on Antitrust & Litigation Today concerning updates to the FTC's merger guidelines.

Since the proposed HSR rule changes were issued in 2023, I’ve been vocal about the troubling policy and legal issues the proposal raised. But Rahul Rao is right to recognize the amount of FTC staff work that must have gone into the process. Thanks very much to the staff. The revisions made to the final rules were a significant improvement — the elimination of labor information and rollback of some of the more onerous document collection and production obligations, especially. The delay in issuing the final rules was worth it to see the changes that were made. Hopefully the remaining ambiguities are resolved soon.

On October 10, 2024, the FTC finalized updates to the Hart-Scott Rodino Premerger Notification Form, responding to evolving market realities and corporate structures. Stay informed about how these updates might impact your transactions starting January 2025! Read more in our latest article. https://lnkd.in/grmegEpG #Antitrust #Mergers #FTC

Check out the next post on our blog, Antitrust & Litigation Today, entitled FTC Announces 2024 Update of Premerger Notification Thresholds and Fees The U.S. Federal Trade Commission’s latest adjustments to the HSR Act thresholds and filing fees mark a pivotal step towards enhancing antitrust oversight in response to the evolving economic environment. These updates signify the FTC’s dedication to preserving competitive markets by expanding the scope of mergers and acquisitions subject to review and adapting the filing fee structure to current economic conditions. Understanding these changes is crucial for businesses planning strategic mergers or acquisitions, underscoring the necessity of expert legal guidance. #AntitrustLaw #FTCUpdate #MergersAndAcquisitions #HSRAct2024 https://bit.ly/43MGLQ3

In today’s Antitrust/Competition client alert, Lowenstein’s Zarema Jaramillo, Jeffrey Shapiro, Jack Sidorov, and Sydney Kaplan break down the Federal Trade Commission's new HSR filing rules, set to take effect in January 2025—impacting deal timing, document requirements, and more for mergers and acquisitions. Read the full alert: https://bit.ly/3NApx14 #antitrustlaw #competitionlaw #traderegulation #lawyers #mergersandacquisitions

Healthcare companies pursuing mergers will face new FTC requirements under an updated rule. Changes to the HSR Act form will require disclosures on recent acquisitions, private equity stakeholders, and supplier relationships. Set to take effect next year, the rule aims to improve antitrust risk assessments with more relevant data, but may also lengthen the filing process due to increased reporting requirements. #WhitecapTrendsPartnerships #healthcarenews #mergersandacquisitions https://lnkd.in/e4yesa3K