For Your Information
FTC Announces Annual Update of Size of Transaction Thresholds for Premerger Notification Filings and Interlocking Directorates
For 2021, the size-of-transaction threshold for reporting proposed mergers and acquisitions under Section 7A of the Clayton Act will adjust from $94 million to $92 million. Also, the 2021 thresholds under Section 8 of the Act that trigger prohibitions on certain interlocking memberships on corporate boards of directors are $37,382,000 for Section 8(a)(l ) and $3,738,200 for Section 8(a)(2)(A).
The FTC revises the thresholds annually, based on the change in gross national product. The revised thresholds under will apply to all transactions that close on or after the effective date of the notice, which is 30 days after its publication in the Â鶹´«Ã½ Register. The thresholds under became effective upon publication in the Â鶹´«Ã½ Register. A complete listing of current thresholds can be found on the FTC’s website.
The votes to approve the Â鶹´«Ã½ Register notices announcing the threshold revisions were both 5-0. Acting Chairwoman Rebecca Kelly Slaughter issued a concurring statement, joined by Commissioner Rohit Chopra.
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