Yesterday, the Antitrust Division of the U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC) temporarily suspended the grant of early termination of waiting periods under the Hart–Scott–Rodino (HSR) Act. In the announcement, the FTC indicated that it anticipates the “temporary suspension will be brief.” But acting FTC Chair Rebecca Kelly Slaughter stated that it was needed given the “unprecedented volume of filings during a leadership transition [at the FTC] amid a pandemic” and desire to review the early termination process during the transition to the new Administration. The DOJ stated it supported the FTC’s decision.
Read the full article: Antitrust Agencies Temporarily Suspend Early Termination of Pre-Merger Waiting Periods //
Source: https://www.jdsupra.com/legalnews/antitrust-agencies-temporarily-suspend-9586383