FTC Modifies Thresholds for Merger Filings and Interlocking Directorates

The Federal Trade Commission ("FTC") finalized annual revisions to the dollar jurisdictional thresholds in Section 7A of the Clayton Act and the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"). The revised thresholds will become effective 30 days after the date of their publication in the Federal Register.

In a related memorandum, Cadwalader attorneys Ngoc Hulbig and Amy Ray outlined the revised thresholds, which will consist of (i) the dollar thresholds necessary to trigger the HSR Act's premerger notification reporting requirements, and (ii) the thresholds for interlocking directorates under Section 8 of the Clayton Act.