What is HSR in banking?
What is HSR in banking?
The Hart–Scott–Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by president Gerald R. Ford on September 30, 1976.
What is an HSR approval?
HSR Approval means the waiting period applicable to the Transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 shall have expired or been terminated, and no Governmental Entity shall have applied for an injunction or other order under the antitrust laws of the United States or any state thereof with …
Do I need to file HSR?
The HSR thresholds are only one part of the analysis to determine whether an HSR filing is required….2022 Filing Fee Thresholds.
| Filing Fee | Greater Than | Less Than |
|---|---|---|
| $45,000 | $101 Million | $202 Million |
| $125,000 | $202 Million | $1.0098 Billion |
| $280,000 | $1.0098 Billion |
Who Must File HSR?
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).
How does HSR work?
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.
What transactions are subject to HSR?
Who Files HSR buyer or seller?
Typically, both the buyer and the seller must submit their own HSR forms, at which point a mandatory waiting period begins. Parties generally coordinate filing submissions to avoid delays, but if either entity submits a deficient or inaccurate HSR form, the transaction may be delayed.
What are HSR fees?
To analyze whether your transaction is reportable, or for more information regarding HSR filings in general, please contact a team member….New 2022 HSR Thresholds Announced.
| Filing Fee | 2022 Filing Fee Threshold |
|---|---|
| $45,000 | Transactions valued at more than $101 million but less than $202 million |
What triggers an HSR filing?
Who has to file HSR?
How do you calculate HSR?
Start with your total baseline points then subtract your modifying points V, P or F using the formula: Final HSR score = Baseline points – (V points) – (P points) – (F points). The lower the score, the better!