The Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act), requires parties to a proposed merger; acquisition of stock, assets or unincorporated interests; or other business combination meeting certain thresholds to make a premerger notification to the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice, and to observe a waiting period prior to consummating such transactions. Section 7A(a)(2) of the Clayton Act requires the FTC to revise all of the HSR Act thresholds annually, based on changes in the gross national product. On January 21, 2016, the FTC announced its annual adjustments to the current HSR Act thresholds. The 2016 thresholds will apply to transactions that will close after a date to be determined in February, which will be 30 days after the revised thresholds are published in theFederal Register. The revised 2016 thresholds are slightly higher than the 2015 thresholds, and are as follows:
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