Monday, January 24, 2022
Bureau of Competition: Premerger Notification Filings
- The FTC announced the 2022 updates on the size of transactional thresholds for premerger notification filings and interlocking directorates. The size-of-transaction thresholds for reporting proposed mergers and acquisitions under Section 7A of the Clayton Act will adjust to $101 million, up from $92 million. The thresholds under Section 8 of the Act that trigger prohibitions on certain interlocking memberships on corporate boards of directors were also updated: $41,034,000 for Section 8(a)(l) and $4,103,400 for Section 8(a)(2)(A). Commissioner Rebecca Kelly Slaughter issued a statement, and Chair Lina M. Khan joined, which highlighted the FTCs updates and showed support for Congress’ efforts to increase certain fees and implement other adjustments to ensure that it is keeping pace with the U.S. economy.