# )HGHUDO7UDGH&RPPLVVLRQ (2021) > Briefs, arguments, decisions, and more. URL: https://www.frixlaw.com/law-library/documents/agency%3Aftc%3A6c094a9ce946b968 ## Record - **Collection:** Agency decision - **Document type:** Agency decision ## Text )HGHUDO7UDGH&RPPLVVLRQ 'HSDUWPHQWRI-XVWLFH $QWLWUXVW'LYLVLRQ %XUHDXRI&RPSHWLWLRQ +DUW6FRWW5RGLQR$QQXDO5HSRUW )LVFDO/^dK&WWE/^ ƉƉĞŶĚŝdž͗^ƵŵŵĂƌLJŽĨdƌĂŶƐĂĐƚŝŽŶƐ͕&ŝƐĐĂůzĞĂƌƐϮϬϭϮͲϮϬϮϭ ƉƉĞŶĚŝdž͗ EƵŵďĞƌŽĨdƌĂŶƐĂĐƚŝŽŶƐZĞƉŽƌƚĞĚĂŶĚ&ŝůŝŶŐƐZĞĐĞŝǀĞĚďLJDŽŶƚŚĨŽƌ&ŝƐĐĂů zĞĂƌƐϮϬϭϮͲϮϬϮϭ >/^dK&y,//d^ džŚŝďŝƚ͗ ^ƚĂƚŝƐƚŝĐĂůdĂďůĞƐĨŽƌ&ŝƐĐĂůzĞĂƌϮϬϮϭʹĂƚĂWƌŽĨŝůŝŶŐ,ĂƌƚͲ^ĐŽƚƚͲ ZŽĚŝŶŽEŽƚŝĨŝĐĂƚŝŽŶ&ŝůŝŶŐƐĂŶĚŶĨŽƌĐĞŵĞŶƚ/ŶƚĞƌĞƐƚƐ WWE/y ^hDDZzK&dZE^d/KE^ &/^>zZ^ϮϬϭϮʹϮϬϮϭ APPENDIX A SUMMARY OF TRANSACTIONS BY FISCAL YEAR 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Transactions Reported 1,429 1,326 1,663 1,801 1,832 2,052 2,111 2,089 1,637 3,520 Filings Received1 2,829 2,628 3,307 3,585 3,674 4,083 4,188 4,142 3,249 7,002 Adjusted Transactions In Which A Second Request Could Have Been Issued 2 1,400 1,286 1,618 1,754 1,772 1,992 2,028 2,030 1,580 3,413 Investigations in Which Second Requests Were Issued 49 47 51 47 54 51 45 61 48 65 20 25 30 20 25 33 26 30 23 42 1.4% 1.9% 1.9% 1.1% 1.4% 1.7% 1.3% 1.5% 1.5% 1.2% 29 22 21 27 29 18 19 31 25 23 2.1% 1.7% 1.3% 1.5% 1.6% 0.9% 0.9% 1.5% 1.6% 0.7% 1,094 990 1,274 1,366 1,374 1,552 1,500 1,507 1,133 2,124 Granted5 902 797 1,020 1,086 1,102 1,220 1,170 1,107 861 417 Not Granted5 192 193 254 280 272 332 330 400 272 1707 FTC 3 Percent 4 DOJ3 Percent4 Transactions Involving a Request For Early Termination 5 1 Usually, two filings are received, one from the acquiring person and one from the acquired person when a transaction is reported. Only one application is received when an acquiring party files for an exemption under Section 7A (c )(6) or (c )(8) of the Clayton Act. 2 These figures omit from the total number of transactions reported all transactions for which the agencies were not authorized to request additional information. These include (1) incomplete transactions (only one party filed a complete notification); (2) transactions reported pursuant to the exemption provisions of Sections 7A (c)(6) and 7A(c)(8) of the Act; (3) transactions which were found to be non-reportable; and (4) transactions withdrawn before the waiting period began. In addition, where a party filed more than one notification in the same year to acquire voting securities of the same corporation, e.g., filing one threshold and later filing for a higher threshold, only a single consolidated transaction has been counted because as a practical matter the agencies do not issue more than one Second Request in such a case. These statistics also omit from the total number the transactions reported secondary acquisitions filed pursuant to §801.4 of the Premerger Notification rules. Secondary acquisitions have been deducted in order to be consistent with the statistics presented in most of the prior annual reports. 3 These statistics are based on the date the Second Request was issued and not the date the investigation was opened. 4 Second Request investigations are a percentage of the total number of adjusted transactions. The total percentage reflected in Figure 2 may not equal the sum of reported component values due to rounding. 5 These statistics are based on the date of the HSR filing and not the date action was taken on the request. WWE/y EhDZK&dZE^d/KE^ZWKZdE &/>/E'^Z/szDKEd, &KZ &/^>zZ^ϮϬϭϮͲϮϬϮϭ APPENDIX B TABLE 1. NUMBER OF TRANSACTIONS REPORTED BY MONTH FOR FISCAL YEARS 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 October 122 127 124 144 168 163 174 211 151 202 November 169 260 159 157 243 215 207 254 206 400 December 95 92 108 122 157 148 160 157 164 204 January 104 78 125 118 117 153 170 150 154 210 February 90 82 114 140 127 153 141 145 138 278 March 111 87 100 128 125 146 178 156 136 322 April 96 77 140 131 129 150 140 163 72 261 May 117 117 157 152 168 209 222 191 57 299 June 142 90 150 155 150 191 177 161 117 299 July 130 91 162 170 140 146 180 170 110 329 August 133 122 151 216 166 219 223 173 170 353 September 120 103 173 168 142 159 139 158 162 363 TOTAL 1,429 1,326 1,663 1,801 1,832 2,052 2,111 2,089 1,637 3,520 APPENDIX B TABLE 2. NUMBER OF FILINGS RECEIVED 1 BY MONTH FOR FISCAL YEARS 1 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 October 242 255 247 289 345 329 336 421 298 454 November 332 511 325 322 483 416 417 505 413 825 December 188 180 211 239 314 297 319 308 329 364 January 203 151 244 244 236 307 316 287 309 399 February 185 169 236 257 249 298 304 295 269 564 March 215 172 195 252 265 302 338 308 270 616 April 193 151 271 265 249 290 285 335 145 524 May 231 228 315 305 331 402 424 365 137 623 June 275 181 304 322 304 388 365 349 212 573 July 269 186 323 327 284 291 364 306 208 659 August 259 240 292 425 339 446 433 358 336 717 September 237 204 344 338 275 317 287 305 323 684 TOTAL 2,829 2,628 3,307 3,585 3,674 4,083 4,188 4,142 3,249 7,002 Usually, two filings are received, one from the acquiring person and one from the acquired person, when the transaction is reported. Only one filing is received when an acquiring person files for a transaction that is exempt under Sections 7A(c)(6) and (c)(8) of the Clayton Act. y,//d ^dd/^d/>d>^ &KZ &/^>zZϮϬϮϭ dWZK&/>/E',ZdͲ^KddͲZK/EKWZDZ'ZEKd/&/d/KE &/>/E'^EE&KZDEd/EdZ^d^ TABLE I FISCAL YEAR 20211 2 ACQUISITIONS BY SIZE OF TRANSACTION (BY SIZE RANGE) HSR TRANSACTIONS TRANSACTION RANGE ($MILLIONS) 4 NUMBER PERCENT CLEARANCE GRANTED TO FTC OR DOJ NUMBER SECOND REQUEST INVESTIGATIONS 3 PERCENT OF TRANSACTION RANGE GROUP NUMBER PERCENT OF TRANSACTION RANGE GROUP FTC DOJ FTC DOJ TOTAL FTC DOJ FTC DOJ TOTAL 50M - 100M 5 48 1.4% 0 1 0.0% 2.1% 2.1% 0 0 0.0% 0.0% 0.0% 100M - 150M 5 433 12.7% 19 5 4.4% 1.2% 5.5% 4 1 0.9% 0.2% 1.2% 150M - 200M 5 538 15.8% 13 13 2.4% 2.4% 4.8% 1 2 0.2% 0.4% 0.6% 200M - 300M 5 373 10.9% 17 8 4.6% 2.1% 6.7% 2 2 0.5% 0.5% 1.1% 300M - 500M 5 458 13.4% 23 12 5.0% 2.6% 7.6% 6 2 1.3% 0.4% 1.7% 500M - 1000M5 985 28.9% 45 29 4.6% 2.9% 7.5% 13 5 1.3% 0.5% 1.8% Over 1000M 5 578 16.9% 47 38 8.1% 6.6% 14.7% 16 11 2.8% 1.9% 4.7% ALL TRANSACTIONS 3,413 100.0% 164 106 4.8% 3.1% 7.9% 42 23 1.2% 0.7% 1.9% TABLE II FISCAL YEAR 20211 2 ACQUISITIONS BY SIZE OF TRANSACTION (CUMULATIVE) HSR TRANSACTIONS TRANSACTION RANGE ($MILLIONS) 4 NUMBER PERCENT CLEARANCE GRANTED TO FTC OR DOJ NUMBER SECOND REQUEST INVESTIGATIONS 3 PERCENTAGE OF TOTAL NUMBER OF CLEARANCES NUMBER PERCENTAGE OF TOTAL NUMBER OF SECOND REQUESTS FTC DOJ FTC DOJ TOTAL FTC DOJ FTC DOJ TOTAL LESS THAN 50M 5 0 0.0% 0 0 0.0% 0.0% 0.0% 0 0 0.0% 0.0% 0.0% LESS THAN 100M 5 48 1.4% 0 1 0.0% 0.4% 0.4% 0 0 0.0% 0.0% 0.0% LESS THAN 150M 5 481 14.1% 19 6 7.0% 2.2% 9.3% 4 1 6.2% 1.5% 7.7% LESS THAN 200M 5 1,019 29.9% 32 19 11.9% 7.0% 18.9% 5 3 7.7% 4.6% 12.3% LESS THAN 300M 5 1,392 40.8% 49 27 18.1% 10.0% 28.1% 7 5 10.8% 7.7% 18.5% LESS THAN 500M 5 1,850 54.2% 72 39 26.7% 14.4% 41.1% 13 7 20.0% 10.8% 30.8% LESS THAN 1000M 5 2,815 82.5% 116 67 43.0% 24.8% 67.8% 26 12 40.0% 18.5% 58.5% ALL TRANSACTIONS 3,413 164 106 60.7% 39.3% 100.0% 42 23 64.6% 35.4% 100.0% TABLE III FISCAL YEAR 20211 TRANSACTIONS INVOLVING THE GRANTING OF CLEARANCE BY AGENCY CLEARANCE GRANTED AS A PERCENTAGE OF: CLEARANCES GRANTED TO AGENCY TRANSACTION RANGE ($MILLIONS) TRANSACTIONS IN EACH TRANSACTION RANGE GROUP TOTAL NUMBER OF CLEARANCES PER AGENCY TOTAL NUMBER OF CLEARANCES GRANTED FTC DOJ TOTAL FTC DOJ TOTAL FTC DOJ FTC DOJ TOTAL 50M - 100M 5 0 1 1 0.0% 2.1% 2.1% 0.0% 0.9% 0.0% 0.4% 0.4% 100M - 150M 5 19 5 24 4.4% 1.2% 5.5% 11.6% 4.7% 7.0% 1.9% 8.9% 150M - 200M 5 13 13 26 2.4% 2.4% 4.8% 7.9% 12.3% 4.8% 4.8% 9.6% 200M - 300M 5 17 8 25 4.6% 2.1% 6.7% 10.4% 7.5% 6.3% 3.0% 9.3% 300M - 500M 5 23 12 35 5.0% 2.6% 7.6% 14.0% 11.3% 8.5% 4.4% 13.0% 500M - 1000M5 45 29 74 4.6% 2.9% 7.5% 27.4% 27.4% 16.7% 10.7% 27.4% Over 1000M 5 47 38 85 8.1% 6.6% 14.7% 28.7% 35.8% 17.4% 14.1% 31.5% ALL TRANSACTIONS 164 106 270 4.8% 3.1% 7.9% 100.0% 100.0% 60.7% 39.3% 100.0% TABLE IV FISCAL YEAR 20211 TRANSACTIONS IN WHICH SECOND REQUESTS WERE ISSUED TRANSACTION RANGE ($MILLIONS) INVESTIGATIONS IN WHICH A SECOND REQUEST WAS ISSUED 3 SECOND REQUESTS ISSUED AS A PERCENTAGE OF: TOTAL NUMBER OF TRANSACTIONS TRANSACTIONS IN EACH TRANSACTION RANGE GROUP TOTAL NUMBER OF SECOND REQUEST INVESTIGATIONS FTC DOJ TOTAL FTC DOJ TOTAL FTC DOJ TOTAL FTC DOJ TOTAL 50M - 100M 5 0 0 0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100M - 150M 5 4 1 5 0.1% 0.0% 0.1% 0.9% 0.2% 1.2% 6.2% 1.5% 7.7% 150M - 200M 5 1 2 3 0.0% 0.1% 0.1% 0.2% 0.4% 0.6% 1.5% 3.1% 4.6% 200M - 300M 5 2 2 4 0.1% 0.1% 0.1% 0.5% 0.5% 1.1% 3.1% 3.1% 6.2% 300M - 500M 5 6 2 8 0.2% 0.1% 0.2% 1.3% 0.4% 1.7% 9.2% 3.1% 12.3% 500M - 1000M5 13 5 18 0.4% 0.1% 0.5% 1.3% 0.5% 1.8% 20.0% 7.7% 27.7% Over 1000M 5 16 11 27 0.5% 0.3% 0.8% 2.8% 1.9% 4.7% 24.6% 16.9% 41.5% ALL TRANSACTIONS 42 23 65 1.2% 0.7% 1.9% 1.2% 0.7% 1.9% 64.6% 35.4% 100.0% TABLE V FISCAL YEAR 20211 ACQUISITIONS BY REPORTING THRESHOLD HSR TRANSACTIONS THRESHOLD 6 NUMBER PERCENT CLEARANCE GRANTED TO FTC OR DOJ NUMBER SECOND REQUEST INVESTIGATIONS 3 PERCENT OF THRESHOLD GROUP NUMBER PERCENT OF THRESHOLD GROUP FTC DOJ FTC DOJ TOTAL FTC DOJ FTC DOJ TOTAL $50M (as adjusted) 230 6.7% 2 3 0.9% 1.3% 2.2% 0 0 0.0% 0.0% 0.0% $100M (as adjusted) 332 9.7% 7 9 2.1% 2.7% 4.8% 0 0 0.0% 0.0% 0.0% $500M (as adjusted) 77 2.3% 0 2 0.0% 2.6% 2.6% 1 0 1.3% 0.0% 1.3% 25% 22 0.6% 1 1 4.5% 4.5% 9.1% 0 0 0.0% 0.0% 0.0% 50% 1515 44.4% 81 58 5.3% 3.8% 9.2% 22 16 1.5% 1.1% 2.5% ASSETS ONLY 287 8.4% 29 6 10.1% 2.1% 12.2% 8 4 2.8% 1.4% 4.2% 100M 1 0.0% 0 0 0.0% 0.0% 0.0% 0 0 0.0% 0.0% 0.0% N/A 1 0.0% 0 0 0.0% 0.0% 0.0% 0 0 0.0% 0.0% 0.0% NCI 948 27.8% 44 27 4.6% 2.8% 7.5% 11 3 1.2% 0.3% 1.5% ALL TRANSACTIONS 3,413 100.0% 164 106 4.8% 3.1% 7.9% 42 23 1.2% 0.7% 1.9% TABLE VI FISCAL YEAR 20211 TRANSACTION BY ASSETS OF ACQUIRING PERSON HSR TRANSACTIONS ASSET RANGE ($MILLIONS) NUMBER PERCENT CLEARANCE GRANTED TO FTC OR DOJ NUMBER PERCENT OF ASSET RANGE GROUP SECOND REQUEST INVESTIGATIONS 3 PERCENT OF ASSET RANGE GROUP NUMBER FTC DOJ FTC DOJ TOTAL FTC DOJ FTC DOJ TOTAL Below 50M 567 16.6% 8 6 1.4% 1.1% 2.5% 0 0 0.0% 0.0% 0.0% 50M - 100M 44 1.3% 0 0 0.0% 0.0% 0.0% 0 0 0.0% 0.0% 0.0% 100M - 150M 55 1.6% 1 3 1.8% 5.5% 7.3% 0 0 0.0% 0.0% 0.0% 150M - 200M 266 7.8% 4 3 1.5% 1.1% 2.6% 0 1 0.0% 0.4% 0.4% 200M - 300M 165 4.8% 7 2 4.2% 1.2% 5.5% 1 2 0.6% 1.2% 1.8% 300M - 500M 259 7.6% 7 7 2.7% 2.7% 5.4% 1 2 0.4% 0.8% 1.2% 500M - 1000M 315 9.2% 8 9 2.5% 2.9% 5.4% 1 0 0.3% 0.0% 0.3% Over 1000M 1,742 51.0% 129 76 7.4% 4.4% 11.8% 39 18 2.2% 1.0% 3.3% ALL TRANSACTIONS 3,413 100.0% 164 106 4.8% 3.1% 7.9% 42 23 1.2% 0.7% 1.9% TABLE VII FISCAL YEAR 20211 TRANSACTION BY SALES OF ACQUIRING PERSON HSR TRANSACTIONS SALES RANGE ($MILLIONS) NUMBER PERCENT CLEARANCE GRANTED TO FTC OR DOJ NUMBER PERCENT OF SALES RANGE GROUP SECOND REQUEST INVESTIGATIONS 3 NUMBER PERCENT OF SALES RANGE GROUP FTC DOJ FTC DOJ TOTAL FTC DOJ FTC DOJ TOTAL Below 50M 7 307 9.0% 4 3 1.3% 1.0% 2.3% 0 0 0.0% 0.0% 0.0% 50M - 100M 7 142 4.2% 2 4 1.4% 2.8% 4.2% 0 0 0.0% 0.0% 0.0% 100M - 150M 7 114 3.3% 6 1 5.3% 0.9% 6.1% 0 0 0.0% 0.0% 0.0% 150M - 200M 7 89 2.6% 0 3 0.0% 3.4% 3.4% 0 1 0.0% 1.1% 1.1% 200M - 300M 7 146 4.3% 5 5 3.4% 3.4% 6.8% 1 1 0.7% 0.7% 1.4% 300M - 500M 7 217 6.4% 5 7 2.3% 3.2% 5.5% 0 2 0.0% 0.9% 0.9% 500M - 1000M 7 302 8.8% 15 8 5.0% 2.6% 7.6% 2 2 0.7% 0.7% 1.3% Over 1000M 7 1433 42.0% 121 70 8.4% 4.9% 13.3% 39 17 2.7% 1.2% 3.9% Sales Not Available 7 663 19.4% 6 5 0.9% 0.8% 1.7% 0 0 0.0% 0.0% 0.0% ALL TRANSACTIONS 3,413 100.0% 164 106 4.8% 3.1% 7.9% 42 23 1.2% 0.7% 1.9% TABLE VIII FISCAL YEAR 20211 TRANSACTION BY ASSETS OF ACQUIRED ENTITIES8 HSR TRANSACTIONS ASSET RANGE ($MILLIONS) NUMBER PERCENT CLEARANCE GRANTED TO FTC OR DOJ NUMBER PERCENT OF ASSET RANGE GROUP SECOND REQUEST INVESTIGATIONS 3 PERCENT OF ASSET RANGE GROUP NUMBER FTC DOJ FTC DOJ TOTAL FTC DOJ FTC DOJ TOTAL Below 50M 8 674 19.7% 23 13 3.4% 1.9% 5.3% 5 1 0.7% 0.1% 0.9% 50M - 100M 8 484 14.2% 15 10 3.1% 2.1% 5.2% 2 2 0.4% 0.4% 0.8% 100M - 150M 8 284 8.3% 9 8 3.2% 2.8% 6.0% 4 0 1.4% 0.0% 1.4% 150M - 200M 8 183 5.4% 10 1 5.5% 0.5% 6.0% 1 1 0.5% 0.5% 1.1% 200M - 300M 8 274 8.0% 14 2 5.1% 0.7% 5.8% 4 0 1.5% 0.0% 1.5% 300M - 500M 8 241 7.1% 18 10 7.5% 4.1% 11.6% 2 3 0.8% 1.2% 2.1% 500M - 1000M 8 287 8.4% 20 6 7.0% 2.1% 9.1% 5 1 1.7% 0.3% 2.1% Over 1000M 8 652 19.1% 33 40 5.1% 6.1% 11.2% 13 12 2.0% 1.8% 3.8% Assets Not Available 8 334 9.8% 22 16 6.6% 4.8% 11.4% 6 3 1.8% 0.9% 2.7% ALL TRANSACTIONS 3,413 100.0% 164 106 4.8% 3.1% 7.9% 42 23 1.2% 0.7% 1.9% TABLE IX FISCAL YEAR 20211 TRANSACTION BY SALES OF ACQUIRED ENTITIES 9 HSR TRANSACTIONS SALES RANGE ($MILLIONS) NUMBER PERCENT CLEARANCE GRANTED TO FTC OR DOJ NUMBER PERCENT OF SALES RANGE GROUP SECOND REQUEST INVESTIGATIONS 3 PERCENT OF SALES RANGE GROUP NUMBER FTC DOJ FTC DOJ TOTAL FTC DOJ FTC DOJ TOTAL Below 50M 10 771 22.6% 31 11 4.0% 1.4% 5.4% 2 1 0.3% 0.1% 0.4% 50M - 100M 10 566 16.6% 25 10 4.4% 1.8% 6.2% 5 1 0.9% 0.2% 1.1% 100M - 150M 10 371 10.9% 12 11 3.2% 3.0% 6.2% 2 3 0.5% 0.8% 1.3% 150M - 200M 10 190 5.6% 8 7 4.2% 3.7% 7.9% 2 1 1.1% 0.5% 1.6% 200M - 300M 10 271 7.9% 9 10 3.3% 3.7% 7.0% 2 1 0.7% 0.4% 1.1% 300M - 500M 10 299 8.8% 8 11 2.7% 3.7% 6.4% 2 2 0.7% 0.7% 1.3% 500M - 1000M 10 285 8.4% 19 9 6.7% 3.2% 9.8% 9 4 3.2% 1.4% 4.6% Over 1000M 10 506 14.8% 33 35 6.5% 6.9% 13.4% 13 10 2.6% 2.0% 4.5% Sales not Available 10 154 4.5% 19 2 12.3% 1.3% 13.6% 5 0 3.2% 0.0% 3.2% ALL TRANSACTIONS 3,413 100.0% 164 106 4.8% 3.1% 7.9% 42 23 1.2% 0.7% 1.9% TABLE X FISCAL YEAR 2021 1 INDUSTRY GROUP OF ACQUIRING PERSON 3 DIGIT NAICS CODE 11 INDUSTRY DESCRIPTION 13 NUMBER 4 % POINTS PERCENT CHANGE OF TOTAL FROM FY 2020 12 CLEARANCE GRANTED TO FTC OR DOJ SECOND REQUEST INVESTIGATIONS 3 FTC DOJ TOTAL FTC DOJ TOTAL 2 0.1% 0.1% 0 0 0 0 0 0 000 13 Not Available 652 19.1% 7.4% 6 5 11 0 0 0 111 13 Crop Production 3 0.1% -0.1% 0 0 0 0 0 0 112 13 Animal Production 2 0.1% 0.0% 1 0 1 0 0 0 211 13 Oil and Gas Extraction 26 0.8% -0.5% 1 0 1 1 0 1 212 13 Mining (except Oil and Gas) 6 0.2% 0.1% 0 1 1 0 0 0 213 13 Support Activities for Mining 4 0.1% -0.5% 0 0 0 0 0 0 221 13 Utilities 39 1.1% -0.9% 0 1 1 0 0 0 236 13 Construction of Buildings 9 0.3% 0.3% 0 0 0 0 0 0 237 13 Heavy and Civil Engineering Construction 23 0.7% 0.2% 0 0 0 0 0 0 238 13 Specialty Trade Contractors 27 0.8% 0.3% 0 0 0 0 0 0 311 13 Food and Kindred Products 44 1.3% -1.4% 3 4 7 0 2 2 312 13 Beverage and Tobacco Product Manufacturing 11 0.3% -0.4% 1 1 2 0 1 1 313 13 Textile Mills 4 0.1% 0.1% 0 0 0 0 0 0 321 13 Wood Product Manufacturing 13 0.4% 0.0% 0 0 0 0 0 0 322 13 Paper Manufacturing 8 0.2% -0.1% 0 2 2 0 0 0 323 13 Printing and Related Support Actitivies 5 0.1% -0.1% 0 0 0 0 0 0 324 13 Petroleum and Coal Products Manufacturing 17 0.5% -0.6% 2 0 2 2 0 2 325 13 Chemical Manufacturing 175 5.1% -0.4% 40 1 41 6 0 6 326 13 Plastics and Rubber Manfuacturing 31 0.9% -0.5% 1 2 3 0 1 1 327 13 Nonmetallic Mineral Product Manufacturing 17 0.5% 0.3% 0 2 2 0 2 2 TABLE X FISCAL YEAR 2021 1 INDUSTRY GROUP OF ACQUIRING PERSON 3 DIGIT NAICS CODE 11 INDUSTRY DESCRIPTION NUMBER 4 PERCENT OF TOTAL CLEARANCE GRANTED TO FTC OR DOJ SECOND REQUEST INVESTIGATIONS 3 % POINTS CHANGE FROM FY 2020 12 FTC DOJ TOTAL FTC DOJ TOTAL 331 13 Primary Metal Manufacturing 14 0.4% 0.0% 0 3 3 0 1 1 332 13 Fabricated Metal Product Manufacturing 35 1.0% -0.3% 3 0 3 1 0 1 333 13 Machinery Manufacturing 65 1.9% 0.2% 2 5 7 0 3 3 334 13 Computer and Electronic Product Manufacturing 59 1.7% -0.7% 7 3 10 2 0 2 335 13 Electrical Equipment, Applicance, and Component Manufacturing Transportation Equipment Manufacturing 15 0.4% -0.1% 0 1 1 0 0 0 62 1.8% -0.5% 2 4 6 1 0 1 337 13 Furniture and Related Product Manufacturing 8 0.2% 0.1% 1 1 2 1 0 1 339 13 Miscellaneous Manufacturing 35 1.0% -1.0% 9 2 11 3 0 3 423 13 Merchant Wholesalers, Durable Goods 131 3.8% 0.0% 2 8 10 1 1 2 424 13 Merchant Wholesales, Nondurable Goods 108 3.2% -1.6% 7 2 9 3 0 3 425 13 Wholesale Electric Markets and Agent and Brokers 9 0.3% 0.3% 1 0 1 2 0 2 441 13 Motor Vehicle and Parts Dealers 27 0.8% 0.3% 0 0 0 0 0 0 444 13 Electronics and Appliance Stores 12 0.4% 0.1% 0 0 0 0 0 0 445 13 Food and Beverage Stores 7 0.2% 0.1% 4 0 4 2 0 2 446 13 Health and Personal Care Stores 15 0.4% 0.3% 5 0 5 1 0 1 447 13 Gasoline Stations 8 0.2% -0.1% 1 2 3 1 0 1 448 13 Clothing and Clothing Accessories Stores 9 0.3% 0.2% 0 0 0 0 0 0 451 13 Sporting Goods, Hobby, Book, and Music Stores 9 0.3% 0.3% 0 0 0 1 0 1 452 13 General Merchandise Stores 1 0.0% 0.0% 1 0 1 1 0 1 453 13 Miscellaneous Store Retailers 15 0.4% -0.2% 0 1 1 0 0 0 454 13 Nonstore Retailers 33 1.0% 0.7% 2 0 2 2 0 2 336 13 TABLE X FISCAL YEAR 2021 1 INDUSTRY GROUP OF ACQUIRING PERSON 3 DIGIT NAICS CODE 11 INDUSTRY DESCRIPTION NUMBER 4 PERCENT OF TOTAL CLEARANCE GRANTED TO FTC OR DOJ SECOND REQUEST INVESTIGATIONS 3 % POINTS CHANGE FROM FY 2020 12 FTC DOJ TOTAL FTC DOJ TOTAL 481 13 Air Transportation 6 0.2% -0.2% 0 3 3 0 1 1 482 13 Railroad Transportation 2 0.1% 0.1% 0 0 0 0 0 0 483 13 Water Transportation 2 0.1% 0.0% 0 0 0 0 0 0 484 13 Truck Transportation 14 0.4% -0.1% 0 0 0 0 0 0 485 13 Transit and Ground Transportation 3 0.1% 0.0% 0 0 0 0 0 0 486 13 Pipeline Transportation 6 0.2% -0.5% 0 0 0 0 0 0 488 13 Support Actitivies for Transportation 24 0.7% -0.6% 0 0 0 0 0 0 492 13 Couriers 3 0.1% -0.1% 0 0 0 0 0 0 493 13 Warehousing and Storage 2 0.1% 0.0% 1 0 1 0 0 0 511 13 Publishing Industries (except Internet) 164 4.8% 0.5% 1 12 13 0 3 3 512 13 Motion Pictures and Sound Recording Industries 16 0.5% 0.4% 0 0 0 0 0 0 515 13 Broadcasting (except Internet) 9 0.3% -0.3% 0 2 2 0 2 2 517 13 Telecommunications 31 0.9% -0.2% 0 0 0 0 0 0 518 13 Internet Service Providers, Web Search Portals, and Data Processing Services 58 1.7% 0.4% 2 2 4 0 1 1 519 13 Other Information Services 31 0.9% 0.3% 2 2 4 2 0 2 522 13 Credit Intermediation and Related Activities 67 2.0% 0.0% 2 2 4 0 1 1 523 13 Securitites, Commodity Contracts, and Other Financial Investments and Related Activities Insurance Carriers and Related Actitivities 382 11.2% 1.4% 2 4 6 0 1 1 127 3.7% 0.4% 4 4 8 1 1 2 525 13 Funds, Trusts, and Other Financial Vehicles 61 1.8% -0.7% 0 0 0 0 0 0 531 13 Real Estate 27 0.8% 0.3% 4 0 4 1 0 1 532 13 Rental and Leasing Services 16 0.5% 0.1% 0 3 3 0 0 0 524 13 TABLE X FISCAL YEAR 2021 1 INDUSTRY GROUP OF ACQUIRING PERSON 3 DIGIT NAICS CODE 11 533 13 541 13 INDUSTRY DESCRIPTION Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Professional, Scientific, and Technical Services NUMBER 4 PERCENT OF TOTAL CLEARANCE GRANTED TO FTC OR DOJ SECOND REQUEST INVESTIGATIONS 3 % POINTS CHANGE FROM FY 2020 12 FTC DOJ TOTAL FTC DOJ TOTAL 11 0.3% -0.1% 2 0 2 0 0 0 264 7.7% 1.0% 12 13 25 1 1 2 551 13 Management Companies and Enterprises 4 0.1% -0.1% 0 0 0 0 0 0 561 13 Administrative and Support Services 87 2.5% 0.4% 0 4 4 0 0 0 562 13 Waste Management and Remediation Services 16 0.5% 0.0% 3 1 4 1 0 1 611 13 Educational Services 13 0.4% -0.1% 0 0 0 0 0 0 621 13 Ambulatory Health Care Services 65 1.9% -0.4% 8 0 8 0 0 0 622 13 Hospitals 33 1.0% 0.0% 15 0 15 4 0 4 623 13 Nursing Care Facilities 1 0.0% 0.0% 1 0 1 1 0 1 624 13 Social Assistance 4 0.1% 0.0% 1 0 1 0 0 0 711 13 Performing Arts, Spector Sports, and Related Industries 6 0.2% 0.0% 0 1 1 0 1 1 713 13 Amusement, Gambling, and Recreation Industries 7 0.2% -0.1% 0 0 0 0 0 0 721 13 Accommodation 8 0.2% -0.3% 0 2 2 0 0 0 722 13 Food Services and Drinking Places 20 0.6% -0.6% 0 0 0 0 0 0 811 13 Repairs and Maintenance 19 0.6% 0.0% 2 0 2 0 0 0 812 13 Personal and Laundry Services 6 0.2% -0.1% 0 0 0 0 0 0 813 13 Religious, Grantmaking, Civic, Professional, and Similar Organizations Administration of Human Resource Programs 1 0.0% 0.0% 0 0 0 0 0 0 2 0.1% 0.0% 0 0 0 0 0 0 3,413 100.0% 164 106 270 42 23 65 923 13 TABLE XI 1 FISCAL YEAR 2021 INDUSTRY GROUP OF ACQUIRED ENTITIES 3 DIGIT NAICS 11 CODE INDUSTRY DESCRIPTION 4 NUMBER % POINTS PERCENT CHANGE OF TOTAL FROM FY 2020 12 CLEARANCE GRANTED TO FTC OR DOJ FTC DOJ TOTAL NUMBER OF 3 DIGIT SECOND REQUEST 3 INTRAINVESTIGATIONS INDUSTRY TRANSACTIONS 14 FTC DOJ TOTAL 000 13 Not Available 145 4.2% -0.8% 15 0 15 5 0 5 0 111 13 Crop Production 9 0.3% 0.1% 0 0 0 0 0 0 0 112 13 Animal Production 2 0.1% 0.1% 1 0 1 0 0 0 0 113 13 Forestry and and Logging 1 0.0% -0.1% 0 0 0 0 0 0 0 211 13 Oil and Gas Extraction 45 1.3% -0.6% 2 0 2 2 0 2 10 212 13 Mining (except Oil and Gas) 9 0.3% -0.1% 0 0 0 0 0 0 4 213 13 Support Activities for Mining 8 0.2% -0.5% 1 0 1 0 0 0 2 221 13 Utilities 71 2.1% -0.5% 0 3 3 0 0 0 3 236 13 Construction of Buildings 9 0.3% -0.2% 0 0 0 0 0 0 0 237 13 Heavy and Civil Engineering Construction 30 0.9% 0.2% 0 1 1 0 0 0 1 238 13 Specialty Trade Contractors 36 1.1% -0.4% 0 2 2 0 0 0 0 311 13 Food and Kindred Products 52 1.5% -0.5% 1 3 4 0 2 2 0 312 13 Beverage and Tobacco Product Manufacturing 10 0.3% 0.0% 1 0 1 0 0 0 0 313 13 Textile Mills 5 0.1% 0.0% 0 1 1 0 0 0 0 314 13 Textile Products 2 0.1% 0.0% 0 0 0 0 0 0 0 315 13 Apparel Manufacturing 2 0.1% 0.1% 0 0 0 0 0 0 0 321 13 Wood Product Manufacturing 9 0.3% 0.0% 0 0 0 0 0 0 1 322 13 Paper Manufacturing 12 0.4% 0.0% 0 1 1 0 0 0 0 323 13 Printing and Related Support Actitivies 11 0.3% 0.1% 0 1 1 0 0 0 0 324 13 Petroleum and Coal Products Manufacturing 11 0.3% 0.3% 4 0 4 3 0 3 1 325 13 Chemical Manufacturing 149 4.4% 0.0% 13 1 14 2 1 3 2 TABLE XI 1 FISCAL YEAR 2021 INDUSTRY GROUP OF ACQUIRED ENTITIES 3 DIGIT NAICS 11 CODE INDUSTRY DESCRIPTION 4 NUMBER % POINTS PERCENT CHANGE OF TOTAL FROM FY 2020 12 CLEARANCE GRANTED TO FTC OR DOJ FTC DOJ TOTAL NUMBER OF 3 DIGIT SECOND REQUEST 3 INTRAINVESTIGATIONS INDUSTRY TRANSACTIONS 14 FTC DOJ TOTAL 326 13 Plastics and Rubber Manfuacturing 32 0.9% -0.3% 1 2 3 0 1 1 0 327 13 Nonmetallic Mineral Product Manufacturing 17 0.5% 0.1% 0 4 4 0 2 2 1 331 13 Primary Metal Manufacturing 17 0.5% 0.1% 0 3 3 0 1 1 3 332 13 Fabricated Metal Product Manufacturing 39 1.1% -0.2% 2 1 3 0 0 0 2 333 13 Machinery Manufacturing 60 1.8% 0.3% 2 6 8 0 3 3 7 334 13 Computer and Electronic Product Manufacturing 90 2.6% 0.7% 4 3 7 1 0 1 1 335 13 Electrical Equipment, Applicance, and Component Manufacturing Transportation Equipment Manufacturing 26 0.8% 0.3% 0 0 0 0 0 0 1 49 1.4% -0.4% 1 5 6 1 0 1 0 337 13 Furniture and Related Product Manufacturing 6 0.2% -0.1% 0 1 1 0 0 0 1 339 13 Miscellaneous Manufacturing 41 1.2% -0.2% 9 0 9 2 0 2 2 423 13 Merchant Wholesalers, Durable Goods 191 5.6% 2.2% 3 5 8 0 1 1 7 424 13 Merchant Wholesales, Nondurable Goods 105 3.1% -1.0% 13 1 14 3 0 3 3 425 13 Wholesale Electric Markets and Agent and Brokers 11 0.3% 0.0% 1 2 3 1 0 1 0 441 13 Motor Vehicle and Parts Dealers 30 0.9% 0.0% 0 0 0 0 0 0 2 442 13 Furniture and Home Furnishing Stores 3 0.1% 0.0% 1 0 1 1 0 1 0 443 13 Miscellaneous Repair Services 5 0.1% 0.1% 1 0 1 0 0 0 0 444 13 Electronics and Appliance Stores 8 0.2% 0.2% 0 0 0 0 0 0 0 445 13 Food and Beverage Stores 9 0.3% 0.0% 3 0 3 2 0 2 1 446 13 Health and Personal Care Stores 6 0.2% -0.6% 0 0 0 0 0 0 0 447 13 Gasoline Stations 13 0.4% 0.0% 2 0 2 2 0 2 0 448 13 Clothing and Clothing Accessories Stores 6 0.2% -0.1% 0 0 0 0 0 0 0 336 13 TABLE XI 1 FISCAL YEAR 2021 INDUSTRY GROUP OF ACQUIRED ENTITIES 3 DIGIT NAICS 11 CODE INDUSTRY DESCRIPTION 4 NUMBER % POINTS PERCENT CHANGE OF TOTAL FROM FY 2020 12 CLEARANCE GRANTED TO FTC OR DOJ FTC DOJ TOTAL NUMBER OF 3 DIGIT SECOND REQUEST 3 INTRAINVESTIGATIONS INDUSTRY TRANSACTIONS 14 FTC DOJ TOTAL 451 13 Sporting Goods, Hobby, Book, and Music Stores 5 0.1% 0.1% 0 0 0 1 0 1 0 452 13 General Merchandise Stores 10 0.3% 0.0% 1 0 1 1 0 1 0 453 13 Miscellaneous Store Retailers 20 0.6% 0.6% 0 1 1 0 0 0 3 454 13 Nonstore Retailers 72 2.1% 1.3% 2 0 2 2 0 2 0 481 13 Air Transportation 7 0.2% -0.2% 0 2 2 0 1 1 0 483 13 Water Transportation 3 0.1% 0.0% 0 0 0 0 0 0 0 484 13 Truck Transportation 14 0.4% -0.2% 0 0 0 0 0 0 0 485 13 Transit and Ground Transportation 5 0.1% 0.0% 0 0 0 0 0 0 0 486 13 Pipeline Transportation 9 0.3% -0.2% 1 0 1 1 0 1 1 488 13 Support Actitivies for Transportation 36 1.1% 0.6% 0 1 1 0 0 0 3 492 13 Couriers 6 0.2% 0.2% 0 0 0 0 0 0 0 493 13 Warehousing and Storage 10 0.3% 0.0% 0 0 0 0 0 0 1 511 13 Publishing Industries (except Internet) 362 10.6% 2.0% 1 12 13 0 2 2 9 512 13 Motion Pictures and Sound Recording Industries 19 0.6% 0.2% 2 0 2 1 0 1 0 515 13 Broadcasting (except Internet) 13 0.4% -0.2% 0 3 3 0 3 3 0 517 13 Telecommunications 48 1.4% -0.3% 0 0 0 0 0 0 4 518 13 Internet Service Providers, Web Search Portals, and Data Processing Services Other Information Services 112 3.3% -1.2% 4 6 10 2 1 3 1 62 1.8% -0.6% 1 1 2 0 1 1 2 522 13 Credit Intermediation and Related Activities 83 2.4% 0.3% 1 4 5 0 1 1 3 523 13 Securitites, Commodity Contracts, and Other Financial Investments and Related Activities Insurance Carriers and Related Actitivities 95 2.8% 1.1% 0 2 2 0 0 0 8 127 3.7% -1.5% 0 3 3 0 0 0 13 519 13 524 13 TABLE XI 1 FISCAL YEAR 2021 INDUSTRY GROUP OF ACQUIRED ENTITIES 3 DIGIT NAICS 11 CODE INDUSTRY DESCRIPTION 4 NUMBER % POINTS PERCENT CHANGE OF TOTAL FROM FY 2020 12 CLEARANCE GRANTED TO FTC OR DOJ FTC DOJ TOTAL NUMBER OF 3 DIGIT SECOND REQUEST 3 INTRAINVESTIGATIONS INDUSTRY TRANSACTIONS 14 FTC DOJ TOTAL 525 13 Funds, Trusts, and Other Financial Vehicles 4 0.1% -0.1% 0 0 0 0 0 0 0 531 13 Real Estate 32 0.9% 0.0% 3 1 4 1 0 1 4 532 13 Rental and Leasing Services 38 1.1% 0.4% 2 3 5 0 0 0 1 533 13 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Professional, Scientific, and Technical Services 22 0.6% -0.3% 2 0 2 1 0 1 1 541 13 426 12.5% 0.1% 25 12 37 2 2 4 11 551 13 Management Companies and Enterprises 1 0.0% 0.0% 0 0 0 0 0 0 0 561 13 Administrative and Support Services 78 2.3% -0.2% 2 5 7 0 0 0 3 562 13 Waste Management and Remediation Services 24 0.7% 0.0% 3 1 4 0 0 0 1 611 13 Educational Services 31 0.9% 0.3% 0 0 0 0 0 0 0 621 13 Ambulatory Health Care Services 119 3.5% 0.9% 14 0 14 0 0 0 6 622 13 Hospitals 27 0.8% -0.7% 15 0 15 4 0 4 3 623 13 Nursing Care Facilities 9 0.3% 0.2% 1 0 1 1 0 1 1 624 13 Social Assistance 7 0.2% 0.0% 0 0 0 0 0 0 0 711 13 Performing Arts, Spector Sports, and Related Industries 11 0.3% -0.3% 0 1 1 0 1 1 1 713 13 Amusement, Gambling, and Recreation Industries 11 0.3% -0.4% 0 1 1 0 0 0 1 721 13 Accommodation 9 0.3% -0.1% 1 0 1 0 0 0 0 722 13 Food Services and Drinking Places 27 0.8% 0.3% 0 1 1 0 0 0 0 811 13 Repairs and Maintenance 17 0.5% 0.0% 2 0 2 0 0 0 1 812 13 Personal and Laundry Services 6 0.2% 0.0% 0 0 0 0 0 0 0 813 13 Religious, Grantmaking, Civic, Professional, and Similar Organizations Space Research and Technology 1 0.0% 0.0% 0 0 0 0 0 0 0 1 0.0% 0.0% 0 0 0 0 0 0 0 927 13 TABLE XI 1 FISCAL YEAR 2021 INDUSTRY GROUP OF ACQUIRED ENTITIES 3 DIGIT NAICS 11 CODE INDUSTRY DESCRIPTION 4 NUMBER % POINTS PERCENT CHANGE OF TOTAL FROM FY 2020 12 CLEARANCE GRANTED TO FTC OR DOJ FTC DOJ TOTAL NUMBER OF 3 DIGIT SECOND REQUEST 3 INTRAINVESTIGATIONS INDUSTRY TRANSACTIONS 14 FTC DOJ TOTAL 928 13 National Security and International Affairs 1 0.0% 0.0% 0 0 0 0 0 0 0 999 13 Nonclassificable Establishments 1 0.0% 0.0% 0 0 0 0 0 0 0 3,413 100.0% 164 106 270 42 23 65 137 1 Fiscal year 2021 figures include transactions reported between October 1, 2020 and September 30, 2021. 2 The size of transaction is based on the aggregate total amount of voting securities, non-corporate interests and/or assets held by the acquiring person as a result of the transaction and are taken from the response to Item 2(d)(iii), 2(d)(vii), and 2(d)(ix) of the Notification and Report Form. 3 These statistics are based on the date the Second Request was issued. 4 During fiscal year 2021, 3,520 transactions were reported under the HSR Premerger Notification program. The smaller number, 3,413, reflects the adjustments to eliminate the following types of transactions: (1) transactions reported under Section 7A(c)(6) and (c)(8) (transactions involving certain regulated industries and financial businesses); (2) transactions deemed non-reportable; (3) incomplete transactions (only one party in each transaction filed a compliant notification); and (4) transactions withdrawn before the waiting period began. The table does not, however, exclude competing offers or multiple HSR transactions resulting from a single business transaction (where there are multiple acquiring persons or acquired persons). 5 The total number of filings under $50M submitted in Fiscal Year 2021 reflects corrective filings. 6 In February 2001, legislation raised the size of transaction from $15 million to $50 million with annual adjustments beginning in February 2005. As of FY 2017, the threshold categories include non-corporate interests (NCI), encompassing transactions in which the acquiring entity acquires 50% of more of the non-corporate interests of the acquired entity. 7 The category labeled “Sales Not Available” includes newly-formed acquiring persons, foreign acquiring person with no United States revenues, and acquiring persons who had not derived any revenues from their investments at the time of filing. 8 Assets of an acquired entity are not available when the acquired entity’s financial data is consolidated within its ultimate parent. 9 Sales of an acquired entity are taken from responses to Item 4(a) and (b) (SEC documents and annual reports) or item 5 (dollar revenues) of the Premerger Notification and Report Form. 10 This category includes acquisition of newly-formed entities from which no sales were generated, and acquisitions of assets which produced no sales revenues during the prior year to filing the Notification and Report Form. 11 The 3-digit codes are part of the North American Industrial Classification System (NAICS) established by the United States Government North American Industrial Classification System 1997, Executive Office of the President, Office of Management and Budget. The NAICS groups used in this table were determined from responses submitted by the parties to Item 5 of the Premerger Notification and Report Form. 12 This represents the deviation from the fiscal year 2020 percentage. 13 This category includes transactions by newly-formed entities. 14 The intra-industry transactions column identifies the number of acquisitions in which both the acquiring and acquired person derived revenues from the same 3-digit NAICS code. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Aftc%3A6c094a9ce946b968. Public record. Not legal advice.