Under the Hart-Scott-Rodino Act and the Premerger Notification Rules, entities must follow federal rules to ensure all mergers and acquisitions are legal. However, after a review of the regulations, the DOJ and FTC aimed to make the forms easier to complete for filers, eliminate unnecessary reporting requirements and made sure all current rules are essential and up-to-date.
Entities filing for preliminary merger review no longer have to provide copies of documents filed with the Securities and Exchange Commission, report economic code “base year” data or give a detailed report of all voting securities that will be acquired. The new form will require filing entities to submit additional focused documents that will expedite the antitrust review process as well as reporting information about “associates” of the acquiring entity.
Read the DOJ news release on merger antitrust clearance.
To see all modifications, read the revised Premerger Notification Rules (pdf).
Related Articles on Antitrust Policies and Mergers:
DOJ Releases Updated Antitrust Policy Guide for Mergers
Judge Allows Antitrust Suit Against BCBS Michigan to Proceed
Department of Justice to Expedite Review of ACO Antitrust Issues
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