Editor’s Note: Taken from the latest published Hart-Scott-Rodino (HSR) Premerger Notification monthly filings as shared by the Federal Trade Commission (FTC), the information and numbers represented in the following post and corresponding charts may be useful for law firms and legal departments seeking to understand the real-time pulse rate of Hart-Scott-Rodino Act mandated merger transaction reviews. As these reviews may lead to Second Requests, the charts may also be useful as a baseline for considering provider assertions regarding the depth, breadth, and volume of their Second Request support for this unique type of eDiscovery during specific time frames. Having participated in ten Second Request investigations, representing support in approximately 16.4% of the total FTC and DOJ Second Requests during the 2019 time frame, HaystackID has the operational expertise and demonstrated experience to assist any eDiscovery supported investigation related to HSR filings and FTC/DOJ Second Requests.
Annual Results and Running Monthly Updates
As highlighted in the July 9, 2020, blog post from the FTC, increased interest in levels of M&A activity has warranted that the Bureau of Competition’s Premerger Notification Office (PNO) share the monthly figures for Hart-Scott-Rodino (HSR) Act filings. Starting in July, the PNO began posting monthly totals of HSR Act filings for the most recent six-month period and committed to updating the numbers on a six-month rolling basis on the PNO homepage.
While the Commission publicly reports monthly HSR transaction numbers in its Annual HSR Reports, those reports are prepared and published after the end of each fiscal year.
The PNO also noted that this effort would not change the regular process of adjusting the raw number of filings collected during the year in annual reporting to eliminate transactions that were not reportable, incomplete, withdrawn, or that relate to non-competitive notifications under the Act. As a result, the monthly data released may not match the monthly totals reported in the HSR Annual Report.
Comparing the Operations Tempo for HSR Act Filings: Informational Charts
Provided for context and comparison are charts that share HSR Act related metrics for monthly filings based on real-time reporting in fiscal year (FY) 2020 and 2021 and annual reporting in 2019 and 2018.
Chart 1: Monthly HSR Act Transactions Reported in the Fiscal Year 2021 (October)*HSR Act Merger Transactions Reported - FY 2021 - Update
Chart 2: Monthly HSR Act Transactions Reported in the Fiscal Year 2020 (February – September)*HSR Act Merger Transactions Reported - 2020
Chart 3: Monthly HSR Act Transactions Reported in the Fiscal Year 2019 (October – September)**3 - HSR Act Merger Transactions Reported - 2019
Chart 4: Monthly HSR Act Transactions Reported in the Fiscal Year 2018 (October – September)**4 – HSR Act Merger Transactions Reported – 2018
A Quick Look at HaystackID and Second Requests (Case Study)
Having participated in ten Second Request investigations, representing support in approximately 16.4% of the total FTC and DOJ Second Requests during the 2019 time frame, the following case study shares HaystackID’s support in six comprehensive Second Requests.HaystackID_SecondRequest_CaseStudy_101320
HaystackID Second Request Backgrounder
+ [Case Study] An Integrated and Organic Approach to Second Requests: HaystackID Antitrust Agency Request Support
+ [On-Demand Webcast] Anatomy of a Second Request: Managing Antitrust Agency Requests
+ [Webcast Transcript] Anatomy of a Second Request: Managing Antitrust Agency Requests
Learn More. Today.
Contact us today to learn more about how we can help you in your audits, investigations, and litigation as well as support antitrust agency Second Requests.
HaystackID is a specialized eDiscovery services firm that helps corporations and law firms find, understand, and learn from data when they face complex, data-intensive investigations and litigation. With an earned reputation for mobilizing industry-leading computer forensics, eDiscovery, and attorney document review experts, our Forensics First, Early Case Insight, and ReviewRight services augmented by our Cybersecurity Consulting and Enterprise Managed Solutions accelerate and deliver quality outcomes at a fair and predictable price.
HaystackID serves more than 500 of the world’s leading corporations and law firms from North American and European locations. Our combination of expertise and technical excellence, coupled with a culture of white glove customer service, makes us the alternative legal services provider that is big enough to matter but small enough to care. Learn more today at HaystackID.com.
*Monthly Real-Time Reporting First Report is February 2020 (Monthly Running Report)
**Based on Monthly Reporting as Represented in Annual HSR Transaction Reports