BN Business News
Add your company to Business Communicator →

Konkurencja i konsument · 2.12.1998

Premerger Notification: Reporting and Waiting Period Requirements

On October 13, 1998, the Premerger Notification Office (``PNO'') of the Federal Trade Commission (``FTC''), with the concurrence of the Assistant Attorney General in charge of the Antitrust Division of the Department of Justice (``DOJ''), published a notice of the adoption of a Formal Interpretation of the Hart-Scott- Rodino Act, which requires certain persons planning certain mergers, consolidations, or other acquisitions to report information about the proposed transactions to the FTC and DOJ. 63 FR 54713 (October 13, 1998). The Interpretation concerns the reportability of certain transactions involving a Limited Liability Company (``LLC''). Under the Interpretation, the formation of an LLC would be reportable if it would unite two or more pre-existing businesses under common control. This Formal Interpretation was to have become effective on December 14, 1998, after a thirty day comment period. The PNO has postponed the effective date of this Formal Interpretation until February 1, 1999, in order to review and analyze the comments received.

Source: Federal Register — Federal Trade CommissionOpen original release →