FTC Approves Fiscal Year 2017 Hart Scott Rodino Premerger Notification Report
Federal Trade Commission press release -------- The Federal Trade Commission and the Justice Department’s Antitrust Division released the agencies’ 40th Annual Hart-Scott-Rodino Report. The Report provides HSR Premerger Notification data for fiscal year 2017. The HSR Premerger Notification Program is the means by which companies report mergers and acquisitions to the government, enabling the agencies to examine transactions and take action with respect to those that may substantially lessen competition in violation of federal law. As the Report explains, companies notified the agencies of 2,052 HSR reportable transactions during fiscal year 2017; a 12.0 percent increase over the 1,832 transactions in fiscal year 2016. The Report also summarizes the agencies’ merger enforcement activities for fiscal year 2017, highlighting 39 merger challenges undertaken by both agencies in efforts to protect competition in sectors of the economy including consumer goods and services, pharmaceuticals, healthcare, high tech and industrial goods and energy. To learn more click on the picture below to read the release.