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9503013 Informal Interpretation
us-ftc-hsr-informal-interpretations-a641ca8a69bc12f8cb1e25f5df094b689503013 Informal InterpretationGuidance
Date
Rule
801.10
Response/Comments
15 March - told writer: If FMV at time of closing is less than $15MM, then transaction is not reportable. RS & JS agree
Question
March 14, 1995
Premerger Notification Office
Bureau of Competition
Federal Trade Commission
6th & Pennsylvania Avenue, NW,
Room 303
Washington, D.C. 20580
ATTENTION: Hy Rubenstein
Gentlemen:
Pursuant to our telephone conversation of today with Hy Rubenstein, Esq., we wish to confirm our understanding that the staff has considered our letter of March 8, 1995, a copy of which is attached hereto, and has made a determination based upon the facts set forth therein that the Purchase Price would be the sum of $12 million and that if the fair market value of the properties being conveyed is $12 million or less, that no filing in connection with such a transaction is required under the Hart-Scott-Rodino Antitrust Improvement Act ("HSR").
If our understanding is incorrect, please advise immediately as we propose to conclude the aforementioned transaction in the next few days.
Your usual cooperation and promptness has been greatly appreciated.
Respectfully,
(Redacted)
(Redacted)
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