The U.S. Federal Trade Commission (FTC) has approved new thresholds for premerger notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR). The statute requires the FTC to revise the thresholds annually based on changes in gross national product (GNP). Unlike in 2020, GNP rose in 2021, resulting in an increase in HSR thresholds. The newly revised thresholds apply to transactions that close on or after February 23, 2022.
With the changes just approved, the minimum “size-of-transaction” threshold for any acquisition of voting securities, noncorporate interests, or assets not exempt from HSR notification requirements will increase from $92 million to $101 million.
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