FTC Increases HSR Act Thresholds
The Federal Trade Commission has increased the dollar thresholds for premerger filings required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Effective February 27, 2012, only transactions valued above $68.2 million will require HSR filings, representing an increase from the 2011 filing threshold of $66 million. Various other dollar thresholds for transactions covered by the Act have been increased as well. These adjustments are made annually based on changes in the U.S. gross national product for the prior fiscal year. As detailed in the Alert attached and linked above, the revisions take effect on February 27, 2012 and will apply to all covered transactions that close on or after that date.