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Premerger Notification; Reporting and Waiting Period Requirements

FTC · final-rule · Published 2005-03-08 · Effective 2005-04-07 · 70 FR 11502

Document

Document number
05-4302
Federal Register citation
70 FR 11502
CFR reference
16 CFR 801
Type
Rule
Action
Final rules.
Category
final-rule
Agency
US Federal Trade Commission
Publication date
2005-03-08
Effective date
2005-04-07

Abstract

The Federal Trade Commission is amending the premerger notification rules, which require the parties to certain mergers or acquisitions to file reports with the Commission and with the Assistant Attorney General in charge of the Antitrust Division of the Department of Justice and to wait a specified period of time before consummating such transactions, pursuant to section 7A of the Clayton Act ("the Act"). The filing and waiting period requirements enable these enforcement agencies to determine whether a proposed merger or acquisition may violate the antitrust laws if consummated and, when appropriate, to seek a preliminary injunction in federal court to prevent consummation. This rulemaking introduces a number of changes that attempt to reconcile, as far as is practical, the current disparate treatment of corporations, partnerships, limited liability companies and other types of non-corporate entities under the rules, particularly in the areas of acquisitions of interests in these entities; formations of the entities; and the application of certain exemptions, including the intraperson exemption. This rulemaking also makes technical corrections in other provisions in the rules.

Source

Authoritative
Federal Register document
Machine
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