2025 increases to HSR notification thresholds, filing fees, interlocking directorate thresholds, and HSR penalties

The Federal Trade Commission (FTC) has announced increases to the notification thresholds and premerger filing fees under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act, which requires premerger notification of certain transactions to the FTC and the Antitrust Division of the U.S. Department of Justice.

The annually revised notification thresholds and updated premerger filing fees will come into effect on February 21, 2025, 30 days after notice of the adjusted thresholds is published in the Federal Register (Effective Date).

The revised notification thresholds apply to transactions that close on or after the Effective Date while the revised HSR filing fees apply to transactions that file HSR premerger notification on or after the Effective Date.

The FTC also announced increases to the interlocking directorate thresholds and the daily maximum civil penalty for HSR Act violations.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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