On February 11, the Federal Trade Commission (FTC) announced that it issued Special Orders to five large technology companies requiring them to submit information related to their acquisitions during the past decade that were not reportable under the HSR Act. According to FTC Chairman Joe Simons, the study will afford the Commission an opportunity to take a broader view of deals in the technology sector and "evaluate whether the federal agencies are getting adequate notice of transactions that might harm competition."

While the technology sector is the target of this study, companies in other industries should take note.

Read our client alert.

Keywords: Mergers + Acquisitions

Mofo Tech Blog - A blog dedicated to information, trend-spotting & analysis for science & tech-based companies

Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP. All rights reserved