2210004 Informal Interpretation

us-ftc-hsr-informal-interpretations-e2263c3ac288b3cfcf2378686925eab42210004 Informal InterpretationGuidance

Date
Rule
Item 3(a)
Staff
Vesselina Musick
Response/Comments

Please create an Item 3a Annex where you list all of the subsidiaries whose assets are being acquired as you would in Item 3a and refer to the annex in responding to Items 1f and 3a, in endnotes, and wherever else you may need to refer to all of the acquired entities. If the 10 entities comprise a business, please provide the name of the business in Item 3a in addition to the reference to the annex, so that we have a collective name for all the entities for our records.

Question

From: [Redacted]
Sent: Friday, October 14, 2022 10:02:50 AM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Cc: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: Item 3a

Please create an Item 3a Annex where you list all of the subsidiaries whose assets are being acquired as you would in Item 3a and refer to the annex in responding to Items 1f and 3a, in endnotes, and wherever else you may need to refer to all of the acquired entities. If the 10 entities comprise a business, please provide the name of the business in Item 3a in addition to the reference to the annex, so that we have a collective name for all the entities for our records.

From: [Redacted]
Sent: Thursday, October 13, 2022 12:00:25 PM (UTC-05:00) Eastern Time (US & Canada)
To: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: Item 3a

Good morning

Would you please be able to confirm what entity information should be listed in the acquired entities boxes in 3a?

We have one UPE and ten wholly-owned acquired entities. Based on this statement in the instructions, “”It is not necessary to list every subsidiary wholly-owned owned by an acquired entity,” I normally list only the top level entities.

However, in this case, we have one UPE with ten wholly-owned entities whose assets are being sold. They are not stacked so that each is a top level entity within the UPE. Do I need to list them all separately in the entity boxes when they are described is the Transaction Description? Thank you.

From:
Se nt : 	urs ay, 	o 	r 	,
She inberg, Samuel I.
From: 	HSRHelp
Se nt: 	Fr iday, Oc to ber 14, 2022 10:03 AM
To: 	Walsh, Ka th ry n E. ; Berg, Karen E. ; Shaffer, Kristin; Sheinber g, Sa m ue l I.; Si x, Anne; Whiteh ead, Nora;
Fetterman, Miche ll e
S ubj ect : 	FW : Item 3a
From: Musick, Vesselina <vmusick@ftc.gov>
Se nt : Frida , October 14, 2022 10:02: 50 AM
To:
Cc: 	e p < 	e p
Subj ect : RE: Item 3a
Pl ease create an Item 3a Annex w here you list a ll of the subsidiaries whose assets are being acquired as you would in
Item 3a and refer to the annex in responding to Items 1f and 3a , in endnotes, and wherever else you may need to refer
to all of the acquired entit ies. If the 10 entit i es compr ise a busi ness, please provide the name of the busi ness in Item 3a
in addit ion to the reference to the annex, so that we have a collective name for all the ent ities for our records.
-05 :00) Eastern Time ( US & Canada)
To: HSRHelp < HSRHelp@ftc .gov >
Subj ect : RE: Item 3a
Good morning
Would you p lease be able to conf irm what enti ty i nforma ti on should be listed in the acqu i red entiti es boxes in
3a?
We have one UPE and ten wh olly-owned acqu i red entiti es. Based on this statement in t he instructions, '"' It is not
necessary to list every subsidiary w ho lly -ow ned ow ned by an acquired entit y," I normally li st only the top leve l entities.
However, in this case, we h ave one UPE w ith ten w ho lly -ow ned ent ities whose assets are be i ng sold. They are not
stacked so th at eac h is a top level ent ity w ithin the UP E. Do I need to list them all separate ly in the entity boxes
when the 	are described is the Transaction Descrip ti on? Thank you.
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