Is HSR filing confidential?
Is HSR filing confidential?
By statute, any document or information that is submitted to the FTC or DOJ as part of an HSR filing is kept confidential.
What does the Hart-Scott-Rodino Act require?
What is the Hart-Scott-Rodino Act? The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires parties to report large transactions to both the Federal Trade Commission and the US Department of Justice Antitrust Division for antitrust review.
What are Hart-Scott-Rodino filings?
HSR filings are premerger notifications that parties to a proposed merger transaction make with both the Federal Trade Commission and the Department of Justice. Subject to minor exceptions, both the seller and the buyer must each separately file with both agencies.
Is HSR approval public?
The contents of the HSR submission, as well as the fact that the parties filed HSR forms at all, is kept confidential by the U.S. agencies.
Who pays the HSR filing fee?
HSR Filing Fee means fifty percent (50%) of filing fee paid by either Buyer (or any Affiliate of either Buyer) to any Governmental Entity for required filings pursuant to the HSR Act in connection with the transactions contemplated by this Agreement.
What is HSR early termination?
A filing under the HSR Act triggers an initial 30-day waiting period during which the parties cannot close their deal. The HSR Act provides an out for this scenario by allowing the agencies the power, “in their discretion,” to terminate a waiting period upon a party’s request.
How does Hart-Scott-Rodino work?
The HSR Act provides that parties must not complete certain mergers, acquisitions or transfers of securities or assets, including grants of executive compensation, until they have made a detailed filing with the U.S. Federal Trade Commission and Department of Justice and waited for those agencies to determine that the …
How long is the Hart-Scott-Rodino waiting period?
30 days
BACKGROUND. The HSR merger review process generally requires the parties to transactions with a fair market value that exceeds annually adjusted thresholds to file premerger notifications with the FTC and the Antitrust Division. The parties must then wait 30 days7 (the Initial Waiting Period) before closing.
How much does an HSR filing cost?
At present, there are three levels of filing fees for HSR filings: (1) $45,000 for transactions valued at more than the filing threshold but less than $100 million “AA” (“As Adjusted”); (2) $125,000 for transactions valued at $100 million AA or more but less than $500 million AA ; and $280,000 for transactions valued …
What is the Hart Scott Rodino Act?
Retail The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur. The parties to certain proposed transactions must submit premerger notification to the FTC and DOJ.
How many results are there for the Hart-Scott-Rodino filing?
Displaying 1 – 20 of 200 results. Once you’ve submitted a Hart-Scott-Rodino filing to the FTC’s Premerger Notification Office, make sure you receive official confirmation that your filing has been received. We’ve compiled important tips on communications regarding the status of filings and the applicable waiting…
What is a Hart-Scott-Robin form?
The Hart-Scott-Robin Act requires that before a merger, acquisition, or tender offer can be completed, the parties involved must file the Notification and Report Form for Certain Mergers and Acquisitions. The form is also known as the HSR Form or the Premerger Notification Report.
What is the PNO doing to help you with HSR fees?
The PNO has a new blog post with reminders and tips for successfully submitting HSR filings fees. With all the changes to procedures to accommodate e-filing and PNO telework, we thought this would be a good time to remind filers how to avoid unnecessary delays due to HSR fee issues. (05/19/20)
