1604006 Informal Interpretation

us-ftc-hsr-informal-interpretations-4501925fb1587a0761f6f17619872eb21604006 Informal InterpretationGuidance

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Date

Tags:

Rule
Item 1(f)
Staff
Karen Berg
Response/Comments

It should be 90% indirect ownership.

Question

From: [REDACTED]
Sent: Tuesday, April 12, 2016 2:07 PM
To: Berg, Karen E.
Subject: RE: Item 1(f)

Thank you!

From: Berg, Karen E. [mailto:KBERG@ftc.gov]
Sent: Tuesday, April 12, 2016 2:05 PM
To: [REDACTED]
Subject: RE: Item 1(f)

Hi [REDACTED],

It should be 90% indirect ownership.

Karen

From: [REDACTED]
Sent: Tuesday, April 12, 2016 1:36 PM
To: Berg, Karen E.
Subject: Item 1(f)

Ms. Berg:

Our UPE owns 62% of a holding company, which owns 90% of our acquiring entity. For Item 1(f), should the UPE’s indirect ownership of the acquiring entity be 56% (62 percent of 90 percent), or is it deemed to be a 90% holder?

Thank you,

[REDACTED]

From:
Sent: Tuesday, April 12, 2016 2:07 PM
To: Berg, Karen E.
Subject: RE: Item 1(f)
Thank you!
From: Berg, Karen E. [mailto:KBERG@ftc.gov]
Sent: Tuesday, April 12, 2016 2:05 PM
To:
Subject: RE: Item 1(f)
It should be 90% indirect ownership.
Karen
From:
Sent: Tuesday, April 12, 2016 1:36 PM
To: Berg, Karen E.
Subject: Item 1(f)
Ms. Berg:
Our UPE owns 62% of a holding company, which owns 90% of our acquiring entity. For Item 1(f),
should the UPE’s indirect ownership of the acquiring entity be 56% (62 percent of 90 percent), or is
it deemed to be a 90% holder?
Thank you,
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