The Federal Trade Commission Premerger Notification Office has revised its position with respect to applying the size of transaction test in the leveraged buyout ("LBO") context by establishing that "new debt used to finance an LBO transaction, whether taken on by the buyer or the target, is to be included in the size of transaction."
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The Federal Trade Commission finalized annual revisions to the dollar jurisdictional thresholds that apply to (i) premerger notification reporting requirements, and (ii) interlocking directorates.
The Treasury Department issued an interim final rule that "establishes a fee for parties filing a formal written notice of a transaction for review by the Committee on Foreign Investment in the United States.”