---
title: "Extract the facts used to test an HSR filing"
url: "https://ailawframework.com/practice/competition-and-consumer-law/map-a-notification-waiver-application-to-the-form-questions/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A29-CO20261022-1-US"
practice_area: "Competition & Consumer Law (ACCC / ACL)"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Extract the facts used to test an HSR filing

> From the acquisition papers, record the acquiring person and the acquired person, whether the file calls the deal a tender offer and whether it calls that offer a cash tender offer, and the voting securities, assets,…

Canonical page: https://ailawframework.com/practice/competition-and-consumer-law/map-a-notification-waiver-application-to-the-form-questions/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Competition & Consumer Law (ACCC / ACL)](https://ailawframework.com/practice/competition-and-consumer-law.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the acquisition papers, record the acquiring person and the acquired person, whether the file calls the deal a tender offer and whether it calls that offer a cash tender offer, and the voting securities, assets, annual net sales, and total assets the papers use. Do not decide that a filing is required, and do not complete a form. |
| What the lawyer must review | The lawyer decides whether 15 USC 18a requires a filing and completes any Notification and Report Form. Except as exempted under subsection (c), no person shall acquire voting securities or assets of another person unless both persons, or in a tender offer the acquiring person, file notification under the rules and the waiting period in subsection (b)(1) has expired, if the commerce test in subsection (a)(1) is met and the size test in subsection (a)(2) is met. The statute's base figures are an amount in excess of $200 million, or an amount in excess of $50 million but not in excess of $200 million together with the size-of-person tests that use $10 million and $100 million. The FTC thresholds page states that the 2026 adjusted thresholds take effect on 17 February 2026: $535.5 million for 7A(a)(2)(A); $133.9 million and $535.5 million for 7A(a)(2)(B)(i); and $26.8 million and $267.8 million for the size-of-person rows 7A(a)(2)(B)(ii)(I), (II), and (III). The lawyer applies those adjusted figures in the places the statute uses the corresponding base figures, including the manufacturing and non-manufacturing distinction in subsection (a)(2)(B). The FTC program page says the parties to certain proposed transactions must submit premerger notification by completing an HSR Form, also called a Notification and Report Form for Certain Mergers and Acquisitions. The form itself was not opened. There is no waiver form on the pages that were opened. |
| Written for | United States |
| Applies to | [Map a notification-waiver application to the form questions](https://ailawframework.com/practice/competition-and-consumer-law/map-a-notification-waiver-application-to-the-form-questions.md) |

## Checking plan

- What the AI does: From the acquisition papers, record the acquiring person and the acquired person, whether the file calls the deal a tender offer and whether it calls that offer a cash tender offer, and the voting securities, assets, annual net sales, and total assets the papers use. Do not decide that a filing is required, and do not complete a form.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- The dollar figures are the FTC table's 2026 adjusted thresholds, effective 17 February 2026. The lawyer applies them in the statutory tests, which still use 'in excess of' and the manufacturing distinction.
- The HSR Form was not opened. The work is extracting the size-test facts, not answering form items.

## Sources

- [15 USC 18a, premerger notification and waiting period](https://www.law.cornell.edu/uscode/text/15/18a) (checked 2026-10-22)
- [FTC, current HSR jurisdictional thresholds](https://www.ftc.gov/enforcement/premerger-notification-program/current-thresholds) (checked 2026-10-22)
- [FTC Premerger Notification Program](https://www.ftc.gov/enforcement/premerger-notification-program) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*