“Fair value” means the value of the shares on a sale between a willing buyer and a willing seller, discounted to reflect the fact that shares represent a minority holding (Re Euro Accessories Ltd)....By: Allen & Overy LLP
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Primary HSR filing threshold will be decreased to $92 million - The Federal Trade Commission has announced revisions to HSR Act and Clayton Act Section 8 thresholds, which are indexed annually to account for inflation. As is our annual practice, this alert identifies the adjustments that are likely to be the most relevant to our clients, and reiterates several important practice tips....By: Proskauer Rose LLP
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For the first time since 2010, the Federal Trade Commission (“FTC”) has decreased the dollar jurisdictional thresholds necessary to trigger the reporting requirements in the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”); the revised thresholds were published in the Federal Register on February 2, 2021, and will become effective on March 4, 2021....By: Cadwalader, Wickersham & Taft LLP
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On February 1, 2021, the U.S. Federal Trade Commission (FTC) issued for publication in the Federal Register the annual revisions to the jurisdictional thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). The new thresholds are scheduled to become effective March 4, 2021 and will apply to transactions consummated on or after the effective date. The HSR Act requires the FTC to revise the thresholds annually based on changes in the gross national product (GNP)....By: W...
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Jim Hansen, Head of Investment Banking at Opportune Partners LLC, gives his thoughts on the state of oil and gas M&A activity and what to expect in 2021. Originally published in the January 2021 issue of Financier Worldwide Magazine (FW). ...By: Opportune LLP
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The global M&A market staged a remarkable recovery in the second half of last year, despite an escalating pandemic and deep political turmoil. As 2021 begins, we identify the most significant trends likely to shape dealmaking in the months ahead and ask: can growth be sustained? Please see full Publication below for more information....By: Allen & Overy LLP
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On February 2, 2021, the Federal Trade Commission (FTC) announced the annual adjustment of the thresholds that trigger premerger reporting obligations (and the mandatory waiting period) under the Hart-Scott Rodino (HSR) Act. The new thresholds will apply to transactions closing on or after March 4, 2021 (that is, 30 days after publication of the announcement in the Federal Register)....By: Dorsey & Whitney LLP
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On February 2, 2021, the Federal Trade Commission (FTC) published its adjusted reporting thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in the Federal Register. The revised thresholds, which track with year-over-year changes in gross national product (GNP), represent an approximate 2.13% decrease over last year’s thresholds, and they will become effective for all transactions closing on or after March 4, 2021 (30 days after their initial publication)....By: ...
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On February 2, 2021, the Federal Trade Commission (FTC) announced that in 2021 the threshold for applying the size-of-parties test of the Hart-Scott-Rodino (HSR) Act will decrease from $94 million to $92 million. Deals that exceed this $92 million threshold may need to be reported to the FTC and U.S. Department of Justice (DOJ) depending on the size of the parties to the transaction as measured by the volume of their sales or the value of their assets....By: Seyfarth Shaw LLP
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The Federal Trade Commission (FTC) has revised the thresholds that govern pre-merger notification requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act), as well as the thresholds for interlocking directorates under Section 8 of the Clayton Act......By: Vinson & Elkins LLP
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