US Antitrust Enforcers Revamp Premerger Notification Program (2)

Companies seeking to merge will be required to disclose more information to regulators about overlapping business lines and investors under new guidance adopted by the Biden administration.

The rewrite of the premerger notification program will allow the Federal Trade Commission and the Justice Department to better identify illegal mergers by giving them more information at the outset, the FTC said in a Thursday statement.

Under the Hart-Scott-Rodino Act, companies making acquisitions valued at more than $119.5 million must submit a form giving antitrust regulators 30 days to review the deal.

The regulation is less extensive than the agencies’ initial proposal ...