January 24, 2011 -- The Federal Trade Commission announced a new threshold for determining whether companies are required to notify federal antitrust authorities about a transaction under the Hart-Scott-Rodino Antitrust Improvements Act. The law requires companies to notify authorities if – among other things – the value of a transaction exceeds the filing thresholds, which is adjusted annually based on the change in the gross national product. For 2011, the threshold for reporting proposed mergers and acquisitions is $66 million, up from $63.4 million. FTC also revised the threshold that prevents companies from having interlocking memberships on their corporate boards of directors under Section 8 of the Clayton Act. The new thresholds for interlocking directorates is $26,867,000.
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