The U.S. FTC issues final amendments regarding withdrawal of HSR filings

On June 28, 2013, the Federal Trade Commission (FTC) adopted a proposed rulemaking to codify its longstanding informal procedures for voluntarily withdrawing and refiling an HSR filing and, more significantly, to mandate that certain HSR filings will be deemed to be automatically withdrawn following notification by the parties to the Securities and Exchange Commission (SEC) that a transaction has been abandoned [1]. The final rules are effective 30 days after publication in the Federal Register, which is expected to occur shortly. Below is a brief summary of the amendments. Voluntary Withdrawal Historically and pursuant to informal agency procedures, the FTC

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (New York)
  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)
  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)

Quotation

Neal R. Stoll, Brian C. Mohr, Steven Albertson, The U.S. FTC issues final amendments regarding withdrawal of HSR filings, 28 June 2013, e-Competitions Bulletin June 2013, Art. N° 53463

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