Antitrust & regulatory approval

Approvals, notifications or waiting periods that may apply before a transaction closes. Requirements depend on the jurisdictions, parties, activities, transaction structure and applicable rules, not deal size alone.

Antitrust & regulatory approval in practice

Illustrative sequence: the parties agree a letter of intent, sign definitive documents, complete the required regulatory steps and then close after applicable conditions are satisfied. Actual filing and review timing varies. Enterprise value alone does not determine statutory transaction value or whether a filing is required.

Illustrative sequence; spacing does not measure elapsed time
Definitive signingLetter of intent
Required approvals / waiting periods satisfiedClosing

Source: FTC: premerger notification and merger review.

CFIUS · Letter of intent (LOI) · Break-up fee · Kill issue · All of the glossary