Antitrust: premerger notification.
What changed between versions
New requirement that the Attorney General provide a secure means to receive and store premerger notification materials submitted under the act.
New provision requiring the Attorney General to destroy or return submitted materials within 120 days after the later of the transaction closing or the conclusion of related legal proceedings, unless otherwise provided by court order or law.
Interstate information sharing now requires the other state to provide assurances to the Attorney General that it agrees to maintain confidentiality of the documents or information received, in addition to having a substantively equivalent act with protective confidentiality provisions.
Civil penalty for noncompliance increased from $10,000 per day to $25,000 per day, and a new requirement was added that the Attorney General must give written notice and a three business day cure period before imposing the penalty.
Effective date changed from January 1, 2026 to January 1, 2027, giving businesses an additional year before the state filing requirement takes effect.
Notice period before disclosing materials to another state's attorney general increased from two business days to five business days.
New definition added for 'Uniform Antitrust Premerger Notification Act' referring specifically to the model act drafted by the National Conference of Commissioners on Uniform State Laws, distinguishing it from California's version.
The act was renamed from 'Uniform Antitrust Premerger Notification Act' to 'California Uniform Antitrust Premerger Notification Act' to distinguish the state's version from the uniform model act.
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