Dodd-Frank.com

FTC and DOJ Approve Changes to HSR Rules and Form

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The Federal Trade Commission, with the concurrence of the Antitrust Division of the U.S. Department of Justice, has approved amendments to the Hart-Scott-Rodino Rules and to the instructions for filling out the Antitrust Act Notification and Report Form, often referred to as the HSR Form.  The new HSR Form and... Read More

Topics: M&A

Revlon Lives – Chester County Employees’ Retirement Fund v. KCG Holdings, Inc.

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In Chester County Employees’ Retirement Fund v. KCG Holdings, Inc. et al the Delaware Court of Chancery considered the interplay between the Corwin and Revlon doctrines. In July 2017, Virtu Financial, Inc. (“Virtu”) acquired KCG Holdings, Inc. (“KCG”) for $20 per share. A former KCG stockholder alleged KCG’s directors failed... Read More

Topics: Litigation, M&A, Public Companies and Securities

FTC Speaks to Divestitures to Obtain HSR Clearance

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The FTC published its views on divestiture packages used to obtain clearance under the HSR Act. According to the FTC: “Before putting pen to paper, parties should discuss with Bureau staff what assets, rights, and personnel should be included in the divestiture package. For instance, assets outside the market of... Read More

Topics: M&A

New Executive Order on Securing the Information and Communications Technology and Services Supply Chain May Impact M&A

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On May 15, 2019, President Donald Trump issued an Executive Order on Securing the Information and Communications Technology and Services Supply Chain. The order provides in part (emphasis added): The following actions are prohibited:  any acquisition, importation, transfer, installation, dealing in, or use of any information and communications technology or... Read More

Topics: M&A