Securities Law Updates | New Statutes, Regulations and Rules
August 30, 2010
FTC to Improve Premerger Notification Form
Premerger Notification
16 CFR Parts 801, 802 and 803, 8/13/2010
The Federal Trade Commission (“FTC”) has proposed to modify the form that companies must file when seeking FTC or Department of Justice review of a proposed transaction under the Hart-Scott-Rodino Act. Companies must notify the agencies when their transactions meet the HSR filing thresholds. The form, which both agencies use, provides basic background information on the premerger filing process.
The agency is seeking public comments on changes designed to streamline the form and focus on the information most needed by the agencies in their initial merger review. The proposal, to be published in the Federal Register, eliminates requests for unnecessary information.…
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