9201013 Informal Interpretation

us-ftc-hsr-informal-interpretations-ef44302515d70812ac235ac505bb88829201013 Informal InterpretationGuidance

Date
Rule
802.20
Staff
N. Ovuka
Response/Comments
None.

Question

January 30, 1992


BY TELECOPIER

Ms. Nancy Ovuka

Federal Trade Commission

Premerger Notification Office

6th and Pennsylvania, NW

Washington, D.C. 20580

Dear Ms. Ovuka:

This letter confirms our telephone conversation yesterday in which you advised me that a Hart-Scott-Rodino premerger notification is not required in the following circumstances.

Background information. Lender wants to sell cable operator. Ultimate parent entity of acquired person has assets that exceed $10,000,000. UPE of acquiring person has assets or net sales in excess of $100,000,000.

Option 1: Asset Sale. Both the fair market value and the purchase price of the assets sold the acquiring person would be $15,000,000 or less.

Option 2: Stock Sale. The annual net sales and assets of the acquired person are less than $25,000,000.

You advised me that in each of these circumstances, 16 C.F.R. 802.20 exempts the parties from the premerger notifications of Hart-Scott-Rodino.

Thank you for your patience and assistance in this matter.

Sincerely,


(redacted)


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