Alerts

HSR Report Shows Sharp Decline in Reportable Mergers During Fiscal Year 2009

October 7, 2010

On October 1, 2010, the U.S. federal antitrust agencies issued their Annual Report Regarding the Hart-Scott-Rodino (“HSR”) Premerger Notification Program for the fiscal year ended September 30, 2009. Of note, 716 transactions were reported under the HSR Act during FY 2009; a decrease of 59% from the 1,726 transactions reported in FY 2008. While the overall number of second requests fell from 41 in FY 2008 to 31 in FY 2009, the percent of transactions resulting in second requests increased to 4.5%, up from 2.5% in FY 2008.