California Hart Scott Rodino Questionnaire

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Multi-State
Control #:
US-DD0714
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Description

This due diligence questionnaire is provided to gather information required to evaluate antitrust aspects of the proposed transaction. It lists certain information that is required in order to assess the competitive consequences of the proposed acquisition, and, to determine is preparation of any required Hart-Scott-Rodino filing is necessary.

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FAQ

Yes, Hart-Scott-Rodino filings are public documents. This means anyone can access these filings, including the California Hart Scott Rodino Questionnaire, which provides important information about mergers and acquisitions. If you need assistance navigating this process, consider using USLegalForms, which offers resources and guidance to simplify your Hart-Scott-Rodino filings.

You should file the California Hart Scott Rodino Questionnaire if your transaction meets or exceeds certain financial thresholds set by the Federal Trade Commission. Generally, this requirement applies to transactions involving substantial mergers or acquisitions that could impact market competition. Filing typically occurs before the completion of the transaction to allow for regulatory review. Leveraging resources like USLegalForms can help you determine the timing and requirements necessary for a successful filing.

In the context of the California Hart Scott Rodino Questionnaire, the filing is typically undertaken by acquiring parties involved in a merger or acquisition. This includes individuals or organizations that will gain control of a business or its assets. Notably, both parties to the transaction may need to submit filings to ensure compliance with federal regulations. Utilizing platforms like USLegalForms simplifies the process of drafting and submitting these filings.

If the transaction is valued in excess of $50 million (as adjusted) but is $200 million (as adjusted) or less, only those transactions that also meet the size of person test require a filing.

The size-of-person test applies to transactions valued at less than $200 million (as adjusted, $403.9 million) and is based on the total assets and annual net sales of the ultimate parent entities (UPEs) of the acquiring and acquired persons.

HSR filings are premerger notifications that parties to a proposed merger transaction make with both the Federal Trade Commission and the Department of Justice. Subject to minor exceptions, both the seller and the buyer must each separately file with both agencies.

The Hart-Scott-Rodino Act thresholds, which govern when mergers and acquisitions must be reported to the US Department of Justice and Federal Trade Commission, will jump 9.8% in February 2022. The basic size-of-transaction threshold will increase from $92 million to $101 million.

The HSR "size of parties" threshold generally requires that one party to the transaction have annual net sales or total assets of $202 million or more (up from $184 million in 2021), and that the other party have annual net sales or total assets of $20.2 million (up from $18.4 million).

The HSR Act requires that parties to mergers and acquisitions, including acquisitions of voting securities and assets, notify the DOJ and the FTC, and observe a statutory waiting period if the acquisition meets specified size-of-person and size-of-transaction thresholds and doesn't fall within an exemption to the

What is the Hart-Scott-Rodino Act? The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires parties to report large transactions to both the Federal Trade Commission and the US Department of Justice Antitrust Division for antitrust review.

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California Hart Scott Rodino Questionnaire