2307001 Informal Interpretation

us-ftc-hsr-informal-interpretations-d918f49edee74ff1c56c1651851816262307001 Informal InterpretationGuidance

Date
Rule
Item 2, 801.2
Staff
Nora Whitehead
Response/Comments

Confirmed. Either check the box for assets in 2b or check the box for Other and specify “Pursuant to 16 CFR 801.2(f)(1)(i)” (or both).

Question

From: Whitehead, Nora <nwhitehead@ftc.gov>
Sent: Thursday, July 13, 2023 4:23:56 PM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Cc: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: Acquisition of Not-For-Profit, Non-Stock Corporation - Item 2 Reporting Question

Confirmed. Either check the box for assets in 2b or check the box for Other and specify “Pursuant to 16 CFR 801.2(f)(1)(i)” (or both).

From: [Redacted]
Sent: Thursday, July 13, 2023 2:51:22 PM (UTC-05:00) Eastern Time (US & Canada)
To: HSRHelp <HSRHelp@ftc.gov>
Subject: Acquisition of Not-For-Profit, Non-Stock Corporation - Item 2 Reporting Question

Hello PNO –

I have a rather urgent question regarding how to report the acquisition of a not-for-profit, non-stock corporation in Item 2. My client intends to file tomorrow or Monday for its acquisition of control of not-for-profit, non-stock corporation. Pursuant to 16 CFR 801.2(f)(1)(i), they are “deemed to hold all of the assets of the entity as a result of the acquisition.”

Can you please confirm that for Item 2 reporting purposes, I should report this as an acquisition of assets and not an acquisition of voting securities or non-corporate interests? I tried finding guidance in the informals, but was not able to find anything.

Apologies for the rush request and thank you in advance!

Sheinberg, Samuel I.
From: 	HSRHelp
Sent: 	Thu rs day, July 13, 2023 4:24 PM
To: 	Walsh, Kathryn E.; Berg, Karen E.; Musick, Vessel ina ; Sha ffer, Kristin; Sheinberg, Samuel I. ; Six, Anne;
Fetterman, Michelle
Subject: 	FW: Acquisition of Not- For-Profit, Non-Stock Co rporation - Item 2 Reporting Question
From: Whitehead, Nora <nwhitehead@ftc.gov>
Sent: Thu rsda , Jul 	13, 2023 4:23:56 PM UTC-05:00) Eastern Time (US & Canada)
To:
Cc: 	e p < 	e p 	c.gov>
Subject: RE: Acquisition of Not-For-Profit, Non-Stock Corporation - Ite m 2 Reporti ng Question
Confirmed. Either check the box for assets in 2b or check the box for Other and specify "Pursuant to 16 CFR
801.2 (f)(l)(i)" (or both).
From: HSRHelp <HSRHe lp@ftc.gov>
Sent: Thursday, July 13, 2023 2:52 PM
To: Walsh, Kathryn E. <kwalsh@ftc.gov>; Berg, Karen E. <KBERG@ftc.gov>; Musick, Vesseli na <vmusick@ftc.gov>;
Shaffer, Kr istin <kshaffer@ftc.gov>; She inberg, Samuel I. <SS HE INBERG@ftc.gov>; Si x, An ne <as ix@ftc.gov>; W hitehead,
Nora <nwhitehead@ftc.gov>; Fetterman, Michelle <mfetterman@ftc.gov>
Subject: FW: Acquisition of Not-For-Profit, Non-Stock Corporation - Item 2 Reporting Question
From:
Sent: 	u rs ay, u y 	, 	- 	:00) Eastern Time (US & Canada)
To: HSR He lp < HSRHel p@ftc.gov>
Subject: Acquisiti on of Not-For-Profit, Non-Stock Corporation - Ite m 2 Reporti ng Question
He ll o PNO-
1have a rather urgent question regarding how to report the acquisition of a not-for-profit, non-stock corporation in Item
2. My cli ent intends to fi le tomorrow or Monday for its acquisit ion of contro l of not-for-profit , non-stock corporation.
Pursuant to 16 CFR 801.2(f)(l)(i), they are " deemed to ho ld all of the assets of the entit y as a result of the acquisition."
Can you pl ease confirm that for Item 2 reporti ng purposes, I should report this as an acquisition of assets and not an
acquisit ion of voti ng securit i es or non-corporate intere sts? I tr ied finding guidance in the informa ls, but was not able to
find anything.
Apologies for the rush request and thank you in advance !
Regards,
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