FTC Implements Revisions to HSR Premerger Filing Requirements
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Key takeaways:
- The FTC has issued amendments to the Hart-Scott-Rodino rules that will require private equity funds and other acquirors to provide information about competitive overlaps between the target and entities under common investment or operational management with the buyer, rather than just entities with common ownership.
- The revised rules also will require filing parties to submit additional documents prepared by third party advisors relating to the sale of the acquired entity or assets, as well as more documents analyzing anticipated synergies and efficiencies.