Bill > SB25

This bill, the California Uniform Antitrust Premerger Notification Act, requires companies that are already obligated to file premerger notification under the federal Hart-Scott-Rodino Antitrust Improvements Act of 1976 (a federal law requiring notification before certain mergers or acquisitions) to also file a copy of that federal form with the California Attorney General if their principal place of business is in California or if a significant portion of their business in California is involved in the transaction. The bill also mandates the submission of additional documents required by federal law, establishes that this information will be kept confidential by the Attorney General, similar to federal law, and allows for civil penalties for non-compliance, with these provisions only applying to notifications filed on or after January 1, 2027, and includes legislative findings that this confidentiality is necessary to protect sensitive business information and prevent harm.

Budget and Finance, Justice

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB25