Extract to table

Applicability Tests — Two-Part Threshold Analysis The HSR Act establishes two independent tests that must be satisfied for the premerger notification requirement to apply: (1) the size-of-transaction test and (2) the size-of-person test

4 million for 2023) but does not exceed the higher threshold, the size-of-person test must also be satisfied: one party must have total assets or annual net sales of at least $222

7 million, and the other party must have total assets or annual net sales of at least $22

Consequently, the transaction is not reportable solely on the basis of the size-of-transaction test; the size-of-person test must also be satisfied

5 million, the analysis must proceed to the size-of-person test, which is addressed in Section V below

5 million, the size-of-person test must also be met for the filing obligation to be triggered