FTC's Unanimous 5-0 Vote Finalizes Generational Upgrade to Premerger Form, Paring Back Proposal

Oct 10, 2024, 07:11 PM

The Federal Trade Commission (FTC) has unanimously finalized revisions to its premerger notification form under the Hart-Scott-Rodino (HSR) Act, marking a significant generational upgrade. The updated form will require companies seeking clearance for proposed mergers and acquisitions to provide more comprehensive information, enabling enforcers to more effectively and efficiently prevent illegal deals. The vote to finalize the revised HSR forms was 5-0. The FTC pared back the proposal in response to criticism from industry groups, aiming to address concerns over antitrust policies while balancing industry feedback.