Form A processes in Oregon
An acquisition/merger review has a timeline of roughly six months. This is
a rough estimate as depending on complexity, some transactions can take more
than 18 months to review.
Usually, it will take three months to complete a review of the transaction.
At that point in time, the division will schedule a public hearing, with a public
notice of the hearing typically being anywhere from two to four weeks. A public
hearing is not required by statute, but it is division policy to hold a hearing
to allow for all concerned parties to be heard in regards to a transaction.
Once the public hearing is held, there will be a public comment period that
normally runs from one to two weeks. At the conclusion of the public comment
period, the division will review all comments and relevant information. After
this final review, the division will issue an order to either approve or disapprove
Statutorily, the effective date of the transaction cannot take place until
60 days after the order of approval is signed.
Depending upon the companies involved and the complexity and size of their
organizational structures, there may be additional processes needed that would
push the review of the transaction beyond the average timelines explained above.
Depending on the individual transactions, this could include hiring outside
parties to review the transaction, either in whole or specific parts, which
would require a bid for Request for Purchase, which can take up to 60 additional
When the division receives a Form A Statement of Acquisition, it is made available
online as soon as possible. However, an initial review is required and this
can take a couple of weeks.
The division strives to make all public records, including public comment,
related to mergers and acquisitions available online. These records can be found
here: Mergers and acquistions Form A filings
Note: The list found at this page represents the most current
list of pending and recently approved mergers or acquisitions in Oregon. Sometimes
a company may publicly announce a transaction weeks before a filing is submitted
to the division.