File
Original Image File (35.39 KB)
0504011 Informal Interpretation
us-ftc-hsr-informal-interpretations-e59021e9576f610c698c2dc351a6ec600504011 Informal InterpretationGuidance
Date
Rule
15USC18a(c)(1) 7A(c)(1)
Response/Comments
Yes a partial sale of a credit cared business could be exempted under 7A(c)(1).
Question
From: :(redacted)
Sent: Friday, April 15, 2005 4:03 PM
To: Verne, B. Michael
Subject: credit cards
Mike, thanks for your voicemail yesterday concerning HSR treatment of the sale and purchase of a credit card business. Iunderstand the PNO's position to be that, even if theseller is staying in other kinds of loan activity, if the seller is exiting thecredit card business entirely the ordinary course exemption will not apply andan HSR filing will be required.
I wanted to see what the PNO's position would be on a transaction inwhich the seller retains some of its credit card business and sells part. Wouldthis transaction qualify for the exemption?
Setzen Sie Ihre Recherche in ChatGPT oder Claude fort
Verbinden Sie Omnilex, um den Rechtskorpus über Ihren KI-Assistenten zu durchsuchen.