Antitrust: premerger notification.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill, the California Uniform Antitrust Premerger Notification Act, requires companies filing premerger notifications under federal law to also submit a copy to the California Attorney General if they have a principal place of business or significant sales within the state. It also mandates the submission of additional documentary material and prohibits the Attorney General from disclosing this information, with limited exceptions for legal proceedings. The law takes effect on January 1, 2027.
Key provisions
- Requires California companies to file premerger notifications with the Attorney General if they meet certain sales thresholds.
- Mandates the submission of additional documentary material required under federal law.
- Prohibits the Attorney General from disclosing premerger notification information.
- Establishes civil penalties for non-compliance with filing requirements.
- Sets a filing threshold of 20% of the federal filing threshold for annual net sales.
- Specifies a one-business-day deadline for filing with the Attorney General.
- Allows the Attorney General to impose fees for filings.
- Requires the Attorney General to provide a secure method for receiving and storing submitted materials.
Who is affected
- Businesses involved in mergers and acquisitions
- California-based companies
- The California Attorney General's Office
Bill text
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Sponsors
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1 on record
Primary sponsor
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