Ftc Renewing Attention On Merger Reporting Loopholes Non Compete Clauses
Under the Hart-Scott-Rodino (HSR) Act, acquisitions of over $92 million need to be reported to the Department of Justice and the FTC for antitrust review. The HSR Act brought the federal premerger notification program to rein in large acquisitions. The FTC also wants to look into non-compete clauses written into merger agreements The FTC also wants to look into non-compete clauses written into merger agreements The FTC discovered that the five tech companies conducted 616 non-reportable transactions between 2010 and 2019....