The Federal Trade Commission ("FTC") and Department of Justice ("DOJ") announced today that they are temporarily suspending any grants of early termination under the Hart-Scott-Rodino Act ("HSR Act").1The HSR Act is the federal premerger notification program, which requires pa...
HSR ActThe waiting period (and any extension thereof) applicable to the Merger under the HSR Act shall have been terminated or shall have expired. Antitrust LawsWithout limiting the generality of Section 10.1 and Section 10.3, to the extent required under any Laws that are designed to prohibit...
Transcript: Hannah England:Hello, and welcome to our Ropes & Gray podcast series on the new Hart–Scott–Rodino (“HSR”) Act rules, with this first episode focused on impacts to the pharmaceutical industry. My name is Hannah England, and I’m a partner in our strategic transactions practice...
particularly given the budgetary constraints the FTC and Department of Justice (DOJ) face, and the timing constraints that the HSR Act imposes on their review.
Avid Bioservices, Inc. has announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act regarding its planned acquisition by GHO Capital Partners and Ampersand Capital Partners. The company's CEO, Nick Green, expressed optimism about this milestone,...
This Coalition letter was sent to the Members of the House and Senate Committees on the Judiciary, on the FTC and DOJ's proposed changes to the premerger notification rules which would reject long-standing Hart-Scott-Rodino (HSR) Act standards.
The Hart-Scott-Rodino Antitrust Improvements Act of 1976, commonly known as the HSR Act, requires parties to certain transactions to notify the Federal Trade Commission and Department of Justice, and to observe a waiting period prior to consummation. The HSR Act enables antitrust regulators...
The HSR Act is an antitrust statute that requires parties to certain acquisitions over a specified dollar threshold (presently $76.3 million) to file notification with the FTC and the Antitrust Division of the Department of Justice, and to observe a statutory waiting period prior to ...
acquisitions. In that regard, it notes that because many hospital mergers are not reportable under the HSR Act, several states have enacted premerger notification laws for certain health care acquisitions, including those involving hospitals, to prevent consolidation that may affect their...
The HSR Act requires parties to a transaction which meets or exceeds the jurisdictional thresholds in the Act to file notification with the FTC and Department of Justice and wait until the expiration or termination of the statutory 30-day waiting period before closing the transaction. Transactions ...