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US: With resources down, FTC looks to amend premerger rules

By  |  February 4, 2013

The Federal Trade Commission has announced it is seeking public comment on the authority’s proposed changes to premerger notification rules in what it calls an attempt to “make efficient use of scare agency resources.” According to a press release on the FTC website, the amendments concern the withdrawal of a Hart Scott Rodino filing as well as a re-filing without an additional fee. The process allows extra time to review a merger during its initial waiting period and, according to the FTC, potentially prevents excess costs of a second request. Additionally, the amendments propose a new procedure for automatic HSR filing withdrawal when filed with the US Securities and Exchange Commission.

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    Full content: Federal Trade Commission

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