Attached is a Client Alert, which discusses amendments to the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 that were signed this
week by the President.  As you know, the HSR Act imposes a premerger
notification obligation for mergers and acquisitions exceeding certain size
thresholds.

The amendments take effect as of February 1, 2001 and govern transactions
that close on or after that date.  As anticipated, the amendments increase
the size-of-transaction threshold from $15 million to $50 million, and they
eliminate the 15% prong of the size-of-transaction threshold.  They also
eliminate the size-of-person threshold for transactions with a value
exceeding $200 million.  Congress projects that about half of filings will
be eliminated under the new thresholds.  The amendments also adopt a
three-tier filing fee structure, with filing fees increased for larger
transactions.

John L. Keffer
King & Spalding
713 751 3255
713 751 3280 (fax)
jkeffer@kslaw.com
<<Hart-Scott-Rodino HSR Amendment Client Alert.DOC>>





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 - Hart-Scott-Rodino HSR Amendment Client Alert.DOC