The U.S. Federal Trade Commission (the “FTC”) has issued final rules (the “Rules”) to amend the requirements of premerger notifications required under the Hart-Scott-Rodino (“HSR”) Act. The Rules, issued July 7, 2011, are described by the FTC as being intended to streamline the HSR filing process. In fact, while some burdensome historical data are no longer required, the new Rules also impose new requirements and new burdens, particularly as to affiliate information, that filing parties will need to anticipate and prepare for. The new Rules will go into effect 30 days after publication in the Federal Register. Some changes, such as omitting the need to provide revenue information for a base year (currently, 2002), will be well-received. Other changes, however, are more controversial,
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The US FTC issues revised Hart-Scott-Rodino premerger notification rules
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