US antitrust regulators have recently issued new guidelines for reviewing deals, which could potentially result in significant delays to transactions.
The Federal Trade Commission and the Department of Justice have released proposed rules for the revised Hart-Scott-Rodino filing process. The rules will require companies to submit additional information that the agencies hadn’t previously requested. It is worth noting that this process has remained unchanged for the past 45 years.
According to a Bloomberg report, an expert estimated that the new requirements could potentially extend the typical deal review process by 2-3 months.
Read more: FTC & DOJ Call For Updates For More Efficient Merger Review
“The Agencies acknowledge that the proposed changes require a significant amount of additional information,” the agencies said in a statement.
The agencies will request information regarding transaction rationale and details concerning investment vehicles or corporate relationships. The antitrust regulators will also inquire about products or services, both horizontal and non-horizontal business relationships, such as supply agreements.
The agencies will accept public comments on the proposed rule changes for a period of 60 days.
Featured News
Plaintiffs Seek Communications In Antitrust Case Against Pioneer
May 9, 2024 by
CPI
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI