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1202003 Informal Interpretation
us-ftc-hsr-informal-interpretations-b63ccfec5481c8db7ebb0f16f528b4ba1202003 Informal InterpretationGuidance
Date
Rule
802.21
Response/Comments
Answer: B is not covered by 802.21, only A. Otherwise there would be two separate UPEs able to rely on the exemption. MB KW and RJ concur
Question
To: Verne, B. Michael
Subject: 802.212 years ago A filed toacquire voting securities of X at the $50 million threshold. The acquiringentity was A's whollyowned sub B. Subsequently A spun off B to itsshareholders. B still holds the voting securities of X. B now would like toacquire additional shares of X which would not exceed the $100 millionthreshold. The question is whether B can rely on 802.21 for its acquisition.
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