File
Original Image File (81.26 KB)
0905018 Informal Interpretation
us-ftc-hsr-informal-interpretations-163399f034d4b057e029aa96994647a10905018 Informal InterpretationGuidance
Date
Rule
801.13, 802.30
Response/Comments
05/29/2009 - 1. No need to aggregate because there is a different acquired person. 2. This would not be exempt under 802.30 because undivided interests are deemed to be discrete assets. Holding a 50% undivided interest is not the same as holding 50% of the interests in an entity that holds the asset. In a subsequent acquisition of additional undivided interests, the acquiring and acquired person are not the same.
Question
From: (redacted)
Sent: Wednesday, May 27, 20092:00 PM
To: Verne, B. Michael
Subject: Undivided Interests in an Asset
Mike,
In an acquisition of undivided interests in an asset, is aggregation required with interests previously owned by the buyer in the same asset but acquired from a different seller?
In the same scenario, if the buyer already owns an undivided interest of more than 50% in the same asset, is the transaction exempt as intra-person?
Continua la tua ricerca in ChatGPT o Claude
Collega Omnilex per cercare nel corpus legale dal tuo assistente IA.