Yesterday, the FTC and DOJ announced that they are implementing an electronic filing system that will allow the ultimate parent entities of the acquiring and acquired persons to submit premerger notification filings required by the Hart-Scott-Rodino Act online. This should substantially improve the filing process by eliminating the time and expense of duplicating and submitting hard copies of the forms and attachments required to be filed under the HSR Act and related rules.
Under the new system, filers will have three filing options:
1. complete and submit the Form and all attachments in hard copy;
2. complete the electronic version of the Form and submit the Form and all attachments electronically; or
3. complete the electronic version of the Form and submit it electronically while submitting all attachments in paper.