HSR Premerger Notification In The Insurance Industry
Law360, New York (January 27, 2010, 1:47 PM EST) -- Mergers and acquisitions involving insurance and reinsurance companies are often complex. Depending on the structure and scope of the deal, such transactions can trigger filing requirements under the premerger notification program created by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”).
The applicable rules are complicated, and typically bear little or no relationship to whether the transaction at issue is likely to present substantive antitrust concerns.
This article first provides a brief overview of the HSR Act reportability rules, and then discusses in...