Extract to table

Each filing person must submit a separate HSR Notification and Report Form

Standard interim operating covenants in the Merger Agreement (which typically require the target to operate in the ordinary course and to obtain the acquirer's consent for certain extraordinary actions) must be carefully reviewed to ensure they do not confer upon Halcyon control over Vectris's day-to-day competitive decision-making

the FTC has the ability to issue administrative complaints and seek preliminary injunctions, while the DOJ must file suit in federal court), but the substantive analysis of competitive effects is largely the same under either agency

Vectris has reported growing sales to European cloud operators for both its silicon photonics transceiver modules and its co-packaged optics chiplets; we estimate Vectris's EEA turnover to be approximately €65–80 million for FY2022, well in excess of the €250 million threshold is not required for Vectris if Halcyon exceeds it — however, both undertakings must independently exceed €250 million

Accordingly, we must also consider the Article 1(3) alternative thresholds

The concentration must be notified to the European Commission by submission of a Form CO notification (Annex I to Commission Implementing Regulation (EU) No