Revised Jurisdictional Thresholds for Section 8 of the Clayton Act, 7697 [2025-01513]

Download as PDF Federal Register / Vol. 90, No. 13 / Wednesday, January 22, 2025 / Notices received will be made available without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would not be appropriate for public disclosure. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than February 21, 2025. A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant Vice President) P.O. Box 27622, Richmond, Virginia 23261. Comments can also be sent electronically to Comments.applications@rich.frb.org: 1. United Community Banks, Inc., Greenville, South Carolina; to acquire ANB Holdings, Inc., and thereby indirectly acquire American National Bank, both of Oakland Park, Florida. Board of Governors of the Federal Reserve System. Michele Taylor Fennell, Associate Secretary of the Board. thresholds for interlocking directorates required by the 1990 amendment of section 8 of the Clayton Act. DATES: January 22, 2025. FOR FURTHER INFORMATION CONTACT: Christopher M. Grengs (202–326–2612), Bureau of Competition, Office of Policy and Coordination. SUPPLEMENTARY INFORMATION: Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met. Competitor corporations are covered by section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $51,380,000 for section 8(a)(1), and $5,138,000 for section 8(a)(2)(A). Authority: 15 U.S.C. 19(a)(5). April J. Tabor, Secretary. [FR Doc. 2025–01513 Filed 1–21–25; 8:45 am] BILLING CODE 6750–01–P [FR Doc. 2025–01484 Filed 1–21–25; 8:45 am] BILLING CODE P FEDERAL TRADE COMMISSION FEDERAL TRADE COMMISSION Revised Jurisdictional Thresholds for Section 8 of the Clayton Act Federal Trade Commission. Annual notice of revision. The Federal Trade Commission announces the revised thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 SUMMARY: The Federal Trade Commission announces the revised SUMMARY: lotter on DSK11XQN23PROD with NOTICES1 Federal Trade Commission. Annual notice of revision. AGENCY: ACTION: AGENCY: ACTION: Revised Jurisdictional Thresholds for Section 7A of the Clayton Act required by the 2000 amendment of section 7A of the Clayton Act; and the revised filing fee schedule for the same Act required by division GG of the 2023 Consolidated Appropriations Act. DATES: February 21, 2025. FOR FURTHER INFORMATION CONTACT: Nora Whitehead (nwhitehead@ftc.gov, 202–326–3262), Bureau of Competition, Premerger Notification Office, 400 7th Street SW, Washington, DC 20024. SUPPLEMENTARY INFORMATION: This document announces updates to (1) the thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as required by the 2000 amendment of section 7A of the Clayton Act; and (2) the filing fee schedule for the same Act, as required by division GG of the 2023 Consolidated Appropriations Act. Both updates are discussed in more detail below. (1) The Jurisdictional Thresholds Section 7A of the Clayton Act, 15 U.S.C. 18a, as added by the Hart-ScottRodino Antitrust Improvements Act of 1976, Public Law 94–435, 90 Stat. 1390 (‘‘the Act’’), requires all persons contemplating certain mergers or acquisitions, which meet or exceed the jurisdictional thresholds in the Act, to file notification with the Commission and the Assistant Attorney General and to wait a designated period of time before consummating such transactions. Section 7A(a)(2) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product, in accordance with section 8(a)(5). The new jurisdictional thresholds, which take effect 30 days after publication in the Federal Register, are as follows: Subsection of 7A Original jurisdictional threshold 7A(a)(2)(A) ............................................................................................... 7A(a)(2)(B)(i) ........................................................................................... 7A(a)(2)(B)(i) ........................................................................................... 7A(a)(2)(B)(ii)(i) ....................................................................................... 7A(a)(2)(B)(ii)(i) ....................................................................................... 7A(a)(2)(B)(ii)(II) ...................................................................................... 7A(a)(2)(B)(ii)(II) ...................................................................................... 7A(a)(2)(B)(ii)(III) ..................................................................................... 7A(a)(2)(B)(ii)(III) ..................................................................................... $200 million ................................... $50 million ..................................... $200 million ................................... $10 million ..................................... $100 million ................................... $10 million ..................................... $100 million ................................... $100 million ................................... $10 million ..................................... Any reference to the jurisdictional thresholds and related thresholds and limitation values in the HSR rules (16 CFR parts 801 through 803) and the Antitrust Improvements Act Notification and Report Form (‘‘the HSR Original threshold VerDate Sep<11>2014 18:16 Jan 21, 2025 Jkt 265001 PO 00000 2025 Adjusted jurisdictional threshold $505.8 million. $126.4 million. $505.8 million. $25.3 million. $252.9 million. $25.3 million. $252.9 million. $252.9 million. $25.3 million. Form’’) and its Instructions will also be adjusted, where indicated by the term ‘‘(as adjusted)’’, as follows: 2025 Adjusted threshold $10 million ................................................................................................ $50 million ................................................................................................ Frm 00044 Fmt 4703 $$25.3 million. $126.4 million. Sfmt 4703 7697 E:\FR\FM\22JAN1.SGM 22JAN1

Agencies

[Federal Register Volume 90, Number 13 (Wednesday, January 22, 2025)]
[Notices]
[Page 7697]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01513]


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FEDERAL TRADE COMMISSION


Revised Jurisdictional Thresholds for Section 8 of the Clayton 
Act

AGENCY: Federal Trade Commission.

ACTION: Annual notice of revision.

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SUMMARY: The Federal Trade Commission announces the revised thresholds 
for interlocking directorates required by the 1990 amendment of section 
8 of the Clayton Act.

DATES: January 22, 2025.

FOR FURTHER INFORMATION CONTACT: Christopher M. Grengs (202-326-2612), 
Bureau of Competition, Office of Policy and Coordination.

SUPPLEMENTARY INFORMATION: Section 8 prohibits, with certain 
exceptions, one person from serving as a director or officer of two 
competing corporations if two thresholds are met. Competitor 
corporations are covered by section 8 if each one has capital, surplus, 
and undivided profits aggregating more than $10,000,000, with the 
exception that no corporation is covered if the competitive sales of 
either corporation are less than $1,000,000. Section 8(a)(5) requires 
the Federal Trade Commission to revise those thresholds annually, based 
on the change in gross national product. The new thresholds, which take 
effect immediately, are $51,380,000 for section 8(a)(1), and $5,138,000 
for section 8(a)(2)(A).
    Authority: 15 U.S.C. 19(a)(5).

April J. Tabor,
Secretary.
[FR Doc. 2025-01513 Filed 1-21-25; 8:45 am]
BILLING CODE 6750-01-P
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