The Federal Trade Commission has released revised thresholds for determining whether companies must notify federal antitrust authorities about a transaction under the Hart-Scott-Rodino Antitrust Improvements Act.
The HSR Act requires companies to notify federal officials if the size of the parties involved and the value of a transaction exceed the filing thresholds, and the FTC revises those thresholds annually based on changes in the gross national product.
Although HSR filing fees have not changed this year, the thresholds used to calculate the fees have also increased. Here are the new 2014 thresholds and filing fee requirements, which will take effect 30 days after their publication in the Federal Register.
1. The transaction size threshold has increased from $70.9 million to $75.9 million.
2. The "size-of-person" thresholds have increased to $15.2 million in total assets and or annual net sales for one person and $151.7 million for the other person.
3. Transactions valued in excess of $303.4 million must be reported even if the size-of-person thresholds aren't met.
4. For an acquisition valued at $75.9 million to $151.7 million, the acquiring person must pay a filing fee of $45,000.
5. For an acquisition worth $151.7 million to $758.6 million, the acquiring person must pay a $125,000 filing fee.
6. For an acquisition with a value of $758.6 million or more, the acquiring person must pay a $280,000 filing fee.
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