2408004 Informal Interpretation

us-ftc-hsr-informal-interpretations-23b9a7d9b7c4d44d6c236e4931f0006b2408004 Informal InterpretationGuidance

Date
Rule
801.1
Staff
Kristin Shaffer
Response/Comments

Confirmed. Because Holdings Corp controls Corps A, B, and C, it holds everything that each of them holds. As a result, Holdings Corp holds 100% of OpCo (49% + 39% + 12%) and therefore controls OpCo.

Question

From: Shaffer, Kristin <kshaffer@ftc.gov>
Sent: Monday, August 26, 2024 4:17:47 PM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Cc: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: Control

Confirmed. Because Holdings Corp controls Corps A, B, and C, it holds everything that each of them holds. As a result, Holdings Corp holds 100% of OpCo (49% + 39% + 12%) and therefore controls OpCo.

Best regards,

Kristin

From: [Redacted]
Sent: Friday, August 23, 2024 12:20:27 PM (UTC-05:00) Eastern Time (US & Canada)
To: HSRHelp <HSRHelp@ftc.gov>
Subject: Control

Dear PNO,

Holdings Corp holds 100% of the voting securities of each of Corp A, Corp B, and Corp C, which in turn holds 49%, 39%, and 12%, respectively, of the voting securities of OpCo. Can you confirm whether Holdings Corp controls Opco?

Many thanks.

Sheinberg, Samuel I.
From:
Sent:
To:
Subject:
HSRH elp
Mond ay, August 26, 2024 4: 18 PM
Wa lsh, Kathryn E.; Berg, Karen E.; Mus ick, Vesse li na; She inberg, Samue l I.; Six, Anne;
Whitehead, Nora; Fetter man, Michelle; Burton, June; Larson, Peter
FW: Control
From: Shaffer, Kri stin <kshaffer@ftc.gov>
Sent: Monda y, August 26 , 2024 4:17:47 PM ( UTC-05:00 ) Eastern Ti me ( US & Ca nada )
To:
Cc: HSRHe lp <HSRHel p@ftc.gov>
Subject: RE: Co ntrol
Confirmed. Because Ho ldi ngs Corp controls Corps A, B, an d C, it holds ev ery thing that each of them hol ds. As a result,
Holdi ngs Corp holds 100% of OpCo (49% + 39% + 12%) and therefore controls OpCo.
Best regards,
Kr istin
Kristin Shaffer
Attorney
Premerger Not ifi cation Office
Fede ral Trade Commiss ion
202- 326-2388 1 kshaffer@ftc.gov
From:
Sent: Fr iday , August 23 , 2024 12:20:27 PM ( UTC-05:00) Eastern Ti me ( US & Ca nada )
To: HSRHel p <HSRHe lp@ftc.gov>
Subject: Co ntrol
Dear PNO ,
Holdi ngs Corp holds 100% of the voting securiti es of each of Corp A, Corp B, an d Corp C, which in turn ho lds 49%, 39 %,
and 12%, respectively, of the v ot ing securities of OpCo. Can you confirm whether Holdings Corp controls Opco?
Man y thanks.
1
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