The HSR Act Makeover

Law360, New York (July 28, 2011, 11:07 AM EDT) -- The Federal Trade Commission and the U.S. Department of Justice recently modified the premerger notification form and rules for transactions reportable under the Hart-Scott-Rodino Act (HSR Act), which requires preclosing approval for deals that meet certain size requirements. The new form and the amendments to the HSR rules will become effective on Aug. 18, 2011.

Almost every aspect of the form will be affected in some way. With the exceptions noted below, the changes should reduce the burden on most filing parties, particularly for acquisitive clients...
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