us-ftc-hsr-informal-interpretations-0c993df0830478a773d7ee1da2cf094c•2302001 Informal Interpretation
2302001 Informal Interpretation
us-ftc-hsr-informal-interpretations-0c993df0830478a773d7ee1da2cf094c2302001 Informal InterpretationGuidance
Confirmed.
Question
From: Whitehead, Nora <nwhitehead@ftc.gov>
Sent: Thursday, February 9, 2023 3:26:58 PM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Cc: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: Change in deal value after filing
Confirmed.
From: [Redacted]
Sent: Thursday, February 9, 2023 9:20:26 AM (UTC-05:00) Eastern Time (US & Canada)
To: HSRHelp <HSRHelp@ftc.gov>
Subject: Change in deal value after filing
Hi PNO folks. I think I know the answer to this, but want to confirm. We filed an HSR a while back on a transaction that (at the time) appeared valued at $202 million or greater but less than $1,009.8 million. In the intervening weeks, the value (including equity rollover) has gone down, so the deal when it closes will be valued in excess of $101 million but less than $202 million.
I don’t believe we need to do anything, as the HSR was accurate at the time we filed. But I just wanted to confirm I’m not missing anything..
Sheinberg, Samuel I. From: H SRHelp Sent: Thu rs day, February 9, 2023 3:27 PM To: W al sh, Kathryn E. ; Berg, Ka re n E. ; Musick, Vessel ina; Sha ffer, Kristin; Sheinberg, Samuel I. ; Six, Anne; Fette rma n, Miche ll e Subject: FW : Change in deal va lue aft er filing From: Whitehead, Nora <n wh itehead@ftc.go v> Sent: Thursda , Feb r ua 9, 2023 3:26:58 PM UTC-05:00) Easte rn Time ( US & Canada ) To: Cc: e p < e p c.gov> Subject: RE: Change in deal value after filing Confirmed. From: HSRHelp <HSRHe lp@ftc.go v> Sent: Thursda y, February 9, 2023 9:21 AM To: Walsh , Kathryn E. <kwalsh@ftc.gov>; Berg, Karen E. <KBERG@ftc.gov>; Musick , Vesse li na <vmusick@ftc.gov>; Shaffer, Kr istin <kshaffer@ftc.gov>; She inberg, Samuel I. <SSHE INBERG@ftc.gov>; Six, Anne <as ix@ftc.gov>; W hitehead, Nora <nw hitehead@ftc.gov>; Fetterman, Michelle <mfetterman@ftc.gov> Subject: FW: Change in deal val ue after filing UTC-05:00) Easte rn Time ( US & Ca nada) To: HSRHe lp < HSRHelp @ftc.gov> Subject: Cha nge in deal value after filing Hi PNO folks. I th ink I know the answ er to this, but w ant to confirm. We filed an HSR a w hile back on a transaction that (at the t ime) appeared valued at $202 million or greater but l ess than $1 ,009.8 million. In the i ntervening weeks, the value (in cl uding equity rollov er ) has gone dow n, so the deal w hen it closes wi ll be valued in excess of $101 mi llion but less than $202 million . I don't be lieve we need to do anything, as the HSR w as accurate at the time we filed. But I just wanted to confirm I' m not miss ing anything .. Thanks, From: Sent: u rs ay, e ruary , 1
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