2206003 Informal Interpretation

us-ftc-hsr-informal-interpretations-e853d187c5bca1016eef3b3defa0348b2206003 Informal InterpretationGuidance

Date
Rule
803.12
Staff
Nora Whitehead
Response/Comments

Yes, please provide the agreement and updated affidavit with the refile. This does not create an obligation on the acquired person, unless the substance of the deal has changed such that this is really a “new filing” rather than a pull and refile on the same deal (which does not appear to be the case from your email).

Question

From: Whitehead, Nora <nwhitehead@ftc.gov>
Sent: Friday, June 24, 2022 8:01:53 AM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Cc: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: HSR Question - Pull and Refile

Yes, please provide the agreement and updated affidavit with the refile. This does not create an obligation on the acquired person, unless the substance of the deal has changed such that this is really a “new filing” rather than a pull and refile on the same deal (which does not appear to be the case from your email).

From: [Redacted]
Sent: Thursday, June 23, 2022 5:06:29 PM (UTC-05:00) Eastern Time (US & Canada)
To: HSRHelp <HSRHelp@ftc.gov>
Cc: [Redacted]
Subject: HSR Question - Pull and Refile

Good afternoon –

We are preparing to pull and refile an HSR filing on Monday. We filed the original HSR off of an LOI. However, since our HSR filing, the parties have executed a purchase agreement. As you are aware, the pull and refile rule only specifies that you need to update Items 4(a), 4(b), 4(c), and 4(d). So 3(b) (the agreement) is technically not required to be updated; however, to re-certify you need to attest to the good faith intent to complete the transaction as described in the latest form of agreement – which here would be the executed definitive agreement.

Based on these facts, do we need to update Item 3(b) with the executed agreement and reflect the executed agreement in the affidavit?

Second, does this in anyway create a request for the acquired person to re-file?

Sheinberg, Samuel I.
From: 	HSRHelp
Sent: 	Friday, June 24, 2022 8:02 AM
To: 	Wa lsh, Kathryn E. ; Berg, Ka ren E. ; Musi ck, Vessel ina; Shaffer, Kr istin; She inberg, Samuel I.; Six, Anne;
Fetterman, Miche ll e
Subject: 	FW: HSR Question - Pu ll and Refile
From: Whitehead, Nora < nw hitehead@ftc.go v>
UTC-05:00) Eastern Time ( US & Ca nada)	Sent: Frida , June 24, 2022 8:01:53 AM
To:
Cc: 	e p < 	e p 	c.gov>
Subject: RE: HSR Quest ion - Pu ll and Refile
Yes, pl ease provide the agreement and updated affidavit with the refile. This does not create an ob li gation on the
acquired person, un less the substance of the d ea l has changed such that th is is really a " new fi ling" rather than a pul l
and refi le on the same deal (w hi ch does not appear to be the case from y our email).
From: HSRHelp <HSRHe lp@ftc.go v>
Sent: Thursda y, June 23, 2022 5:07 PM
To: Walsh , Kathryn E. <kwalsh@ftc.gov>; Berg, Karen E.<KBERG@ftc.gov>; Musick, Vesse li na <vmusick@ftc.gov>;
Shaffer, Kr istin <kshaffer@ftc.gov>; She inberg, Samuel I. <SSHE INBERG@ftc.gov>; Six, Anne <asix@ftc.gov>; W hitehead,
Nora <nw hitehead@ftc.gov>; Fetterman, Michelle <mfetterman@ftc.gov>
Subject: FW: HSR Question - Pu ll and Refile
From:
Sent: 	C-05:00) Eastern Time ( US & Canada )
To: HSRHe l 	< HSRHel @ftc. ov >
Cc:
Su
Good afternoon -
We are preparing to pu ll and refi le an HSR filing on Monday. We fi led the or igi na l HSR off of an LO I. Howev er, since our
HSR filing, the part i es have executed a purchase agreement. As you are aware, the pull and refi le ru le only specifies that
you need to update Items 4(a), 4(b ), 4(c), and 4(d). So 3(b) (the agreement) is technica lly not required to be up dated;
howev er, to re-certi fy you need to attest to the good faith i ntent to complete the transaction as described in the latest
form of agreement - w hi ch here wou ld be the executed definit ive agreement.
Based on these facts, do we need to up date Item 3(b) wi th the executed agreement and reflect the executed agreement
in the affidavit?
Second, does th is in an yw ay create a request for the acquired person to re-file?
Thank you,
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