Lawyers after weeks of work with new merger disclosure rules say the requirements are adding time and complexity to moving deals forward.
The lawyers who previously were able to process filings under the Hart-Scott-Rodino Act in about two weeks are now finding the work takes about twice as long. The lengthened reviews cost companies more, as lawyers must bill more time and bring on additional help.
“It is something clients have to budget for, both timewise and economically,” said Meredith Beuchaw, a mergers and acquisitions partner at Lowenstein Sandler. “It’s certainly affecting our deal timing.”
Companies pursuing mergers and acquisitions ...
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