What is the HSR filing?
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What is the HSR filing?
HSR filings are premerger notifications that parties to a proposed merger transaction make with both the Federal Trade Commission and the Department of Justice. Subject to minor exceptions, both the seller and the buyer must each separately file with both agencies.
What does HSR stand for antitrust?
The Hart–Scott–Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by president Gerald R. Ford on September 30, 1976.
Who Must File HSR?
The HSR “size of parties” threshold generally requires that one party to the transaction have annual net sales or total assets of $202 million or more (up from $184 million in 2021), and that the other party have annual net sales or total assets of $20.2 million (up from $18.4 million).
What is the current HSR threshold?
This is often referred to as the “$50 million (as adjusted)” threshold because it started at $50 million and is now adjusted annually. For 2022, that threshold will be $101 million….HSR threshold adjustments and reportability for 2022.
| FEE | Size-of-Transaction |
|---|---|
| $280,000 | valued at $1.0098 billion or greater |
How long does Hart Scott Rodino approval take?
Once both parties have filed, a specific merger review timeline begins. For most – but not all – transactions, this starts with an initial 30-day waiting period. For cash tender offers and bankruptcies, the initial waiting period is only 15 days.
Who pays the HSR filing fee?
The acquiring person
The acquiring person (known as the acquiring ultimate parent entity or UPE) is responsible for paying the fee (16 C.F.R. § 803.9).
What happens if you don’t file an HSR?
Beware of penalties If the form is not accurate or complete, the agencies will generally reject the filing and restart the HSR waiting period. Failure to file or submission of an inaccurate HSR form can result in civil penalties of up to $42,530 for each day of the violation.
What triggers HSR review?
How much does HSR cost?
Effective January 10, 2021, the maximum daily civil penalty for HSR violations $46,517 per day (up from $43,792)….New 2022 HSR Thresholds Announced.
| Filing Fee | 2022 Filing Fee Threshold |
|---|---|
| $45,000 | Transactions valued at more than $101 million but less than $202 million |
How long is HSR waiting period?
30 days
Parties to a transaction subject to the reporting requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) must adhere to a statutory waiting period (30 days for most transactions) after filing their Notification and Report Forms before closing on the deal.
What triggers HSR?
What triggers an HSR filing?
Who pays HSR fee?
When should I use the race-ethnicity survey question?
Use the race-ethnicity survey question only if you plan to do something meaningful with the data. Tell users the ‘why’ and ‘how.’ For race-ethnicity survey questions, include a brief explanation about why the data is being collected, how it will be used, and how it will be protected.
What are ethnicity survey questions?
Ethnicity survey questions are one of the types of survey questions,which are usually included to gather demographic datato understand, what factors can influence the choice of the respondent and deduce a pattern. Ethnicity survey questions play a vital role in social science researchas well as business research.
What is a political survey questionnaire?
Such questionnaires are used by political action committees, city council members, political consultants, school board districts, government agencies, and political candidates. Political survey questions help you identify supporters and understand what the public needs.
Are the 2020 Census questions on race and ethnicity the most valuable?
Right now the 2020 Census questions on race and ethnicity may well be the most thoroughly tested and validated survey questions ever on the planet. The Census Bureau conducted the largest quantitative effort ever on how people identify their race and ethnicity.
