2212004 Informal Interpretation

Sheinberg, Samuel I.
From: 	HSRHelp
Sent: 	Thursday, December 15, 2022 9:36 AM
To: 	Wa lsh, Kathryn E. ; Berg, Ka ren E.; Musick, Vessel ina ; Sheinberg, Samuel I. ; Six, Anne; Wh itehead, Nora;
Fetterman, Miche ll e
Subject: 	FW: Item 4(c) an d 801.30
From: Shaffer, Kristin <ks haffe r@ ftc.gov>
Sent: Thu rsda , December 15, 2022 9:35:50 AM ( UTC-05:00) Ea stern Time (US & Ca nada)
To:
Cc: 	e p < 	e p 	c.gov>
Subject: RE: Item 4(c) and 801.30
Un le ss the controlled entit ies are foreign wi th no sales into the US, or ha ve assets valued at less than $ 10 million, they
-must be listed in Item 6(a ), regardless of whether the y are in the same industry as the target. M i nor ity ho ldi ngs (Item
6(c )) are further li mited to entit i es in the same industri es/ NAICS codes as the target. See Instruct ions page V III.
Best regards,
Kr istin
Kristin Shaffer
Attorney
Pr emerger Notificati on O ffice
Federal Trade Commi ssi on
202- 326-2388 I kshaf fer@hc.gov
(UTC-05:00) Ea stern Time ( US & Canada)
To: Be rg, Ka ren E. < KBERG @ftc.go v>
Cc: HSRHelp < HSRHe lp@ftc.go v>
Subject: RE: Item 4(c) and 801.30
Hi Karen. Another question on th is 801.30 transaction . The UPE c ontro ls a number of ent ities in the so lar industry. In
fact, there are about 50 ent it ies that are either majorit y or minorit y he ld indirect ly under the UPE . The acquisition of
v ot i ng securit i es in the transaction ha s nothing to do wi th so lar energy. It is di ffi cu lt for us to gather the informat ion all
the way dow n to the solar proj ect leve l. Is it permiss ible for us t o not go so far dow n, and sa y either that addit ional
i nformat ion is available on request, or to do somethi ng else to l imit the burden? Obviously, the ea siest would be for us
to stop at the top level (X YZ So lar, LLC) and i nd icate that there are v ar ious entit ies below that. There may be the same
situation in another industry, again ha ving noth i ng to do with the v ot ing sec ur it ies being acquired. Obviously if we need
to go all the way dow n we wi ll do so. But any help or guidance is appre ci ated.
Thank s,
From:
Sent: 	ues ay, 	ecem 	r
From :
Sent: Wednesda y, De cember 7, 2022 9:57 AM
To: ' Berg, Karen E.' <KBERG @ft c.gov>
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Cc: HSRHe lp <HSRHe lp@ftc.gov>
Subject: RE: Item 4(c) and 801.30
Thanks Karen.
From: Berg, Karen E. <KBERG@ftc.gov>
Sent: Wednesda y, December 7, 2022 9:56 AM
To:
Cc: HSRHe lp <HSRHe lp@ftc.gov>
Subject: RE: Item 4(c) and 801.30
You only need to search for 4c and 4d documents that relate to the tr iggering acquisit ion.
-Karen
From: HSRHelp <HSRHe lp@ftc.gov>
Sent: Tuesda y, December 6, 2022 12:36 PM
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. <SSHEINBERG@ftc .gov>; Six, Anne <as ix@ftc.gov>; W hitehead,
Nora <nwh itehead@ftc.gov>; Fetterman, M ichel le <mfetterman@ftc.gov>
Subject: FW: Item 4(c) and 801.30
From:
Sent: 	(UTC-05:00) Eastern Time ( US & Ca nada)
To: HSRHe lp < HSRHe lp@ftc.gov>
Subject: Ite m 4(c) and 801.30
Hi Premerger Group. I am starting to w ork on an 801.30 transaction and I ha ve a question about w hether the search for
4(c) documents should be done on ly wi th respect to the proposed acquisit ion (the one tr iggeri ng the HSR fi ling
obligation) or, alternat ively, does the search need to extend to earli er acquisit ions of securit i es of the same issuer?
Thanks as a lw ays for y our ass istance.
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