DealLawyers.com Blog

Winston & Strawn recently released this survey of “Baby HSR” laws — legislation requiring parties to seek state-level clearance before closing certain transactions. The survey identifies which states have adopted premerger notification requirements and, for each state statute, describes key details, like:

– Covered transactions
– Who must file
– Any materiality threshold
– The recipient, timing and contents of the required notice
– The review timing

Back in August, I blogged about model legislation approved by the Uniform Law Commission but noted that states are free to enact their own versions of the legislation and identified some likely points of deviation. This guide can “help buyers and sellers quickly identify states with Baby HSR laws that may impact a transaction” — which is important since noncompliance may mean fines or enforcement actions — and understand the key details above. Check it out!

– Meredith Ervine