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Enron Mail |
Attached is a Client Alert, which discusses amendments to the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 that were signed this week by the President. As you know, the HSR Act imposes a premerger notification obligation for mergers and acquisitions exceeding certain size thresholds. The amendments take effect as of February 1, 2001 and govern transactions that close on or after that date. As anticipated, the amendments increase the size-of-transaction threshold from $15 million to $50 million, and they eliminate the 15% prong of the size-of-transaction threshold. They also eliminate the size-of-person threshold for transactions with a value exceeding $200 million. Congress projects that about half of filings will be eliminated under the new thresholds. The amendments also adopt a three-tier filing fee structure, with filing fees increased for larger transactions. John L. Keffer King & Spalding 713 751 3255 713 751 3280 (fax) jkeffer@kslaw.com <<Hart-Scott-Rodino HSR Amendment Client Alert.DOC<< Confidentiality Notice This message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of the message. - Hart-Scott-Rodino HSR Amendment Client Alert.DOC
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