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us-ftc-hsr-informal-interpretations-9ae4e4b1471cad2af217a21e97577bf8•0207008 Informal Interpretation
0207008 Informal Interpretation
us-ftc-hsr-informal-interpretations-9ae4e4b1471cad2af217a21e97577bf80207008 Informal InterpretationGuidance
Date
Rule
801.10
Staff
Michael Verne
Response/Comments
Advised that $125 mm is the acquisition price. B. Michael Verne 7/19/02
Question
From:(Redacted)
To:Mike Verne
Date:7/16/02 5:10PM
Subject:Valuation question
Hi Mike.
Company A executed a "forward purchase agreement" with individual B. Pursuant to the Agreement, Company A paid individual B $125 million for the right to receive voting securities of Company C at some date in the future. That future date is now approaching and Company A will soon take delivery of the Company C stock. The current market value of the Company C stock to be received is $13 million. Is Company A stuck with the "purchase price" of $125 million that it paid years earlier for the right to receive this stock?
Thanks,
(Redacted)
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