0205017 Informal Interpretation

us-ftc-hsr-informal-interpretations-97090bbe2b8e70cd763b612f297f9a420205017 Informal InterpretationGuidance

Open source
Date
Rule
Item 5
Staff
B. Michael Verne
Response/Comments
The revenues attributable to those assets should be reported as Products Added in 5(b)(ii) with the most recent year revenues by 10-digit code. The theory is that unless you acquired a controlling interest in voting securities or substantially all of the assets of the entity, you would not have received the books necessary to provide base year information, but could provide most recent year information.

Question

Michael Verne - Re: Workshop on the Notification and Report Form
From: (redacted)
To: Michael Verne
Date: 5/30/02

Subject: Re: Workshop on the Notification and Report Form

If a company acquires assets that constitute well below 50 percent of an entity in a non reportable transaction must the 1997 revenue attributable to these assets be reported in future filings by the buyer, if available? I believe the answer is affirmative but wanted to doublecheck. Thanks.

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