Proposed Modifications to HSR Reporting
The Federal Trade Commission (“FTC”) has proposed modifications to the Hart-Scott-Rodino (“HSR”) Premerger Notification Rules and Notification and Report Form (the “Form”) that parties must file under the HSR Act when seeking antitrust clearance for certain mergers and acquisitions. The FTC’s stated purposes for the changes are to streamline the Form, thereby reducing the burden on filers, and to capture new information to assist the antitrust agencies in conducting their initial review of a proposed transaction’s competitive impact. While the proposed changes will make some aspects of HSR filing easier, other aspects of the proposed Rule changes will increase the burden on filing parties.