2107005 Informal Interpretation

Date

July 9, 2021

Rule

Item 6

Response/Comments

We agree that only current holdings need to be reported.

Original Image - 2107005 Informal Interpretation (161.18 KB)

Question

From: Shaffer, Kristin <kshaffer@ftc.gov>
Sent: Friday, July 9, 2021 1:08:32 PM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Cc: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: Request for Informal Interpretive Advice

We agree that only current holdings need to be reported.

Best regards,

Kristin

From: [Redacted]
Sent: Thursday, July 8, 2021 7:37 PM
To: HSRHelp <HSRHelp@ftc.gov>
Subject: Request for Informal Interpretive Advice

All,

A quick question on Items 6(c)(ii) and 7 of the Form regarding associates of the acquiring person. Acquiring person is reporting on a calendar year basis (for the year ending December 31, 2020). Since the beginning of 2021 and prior to the proposed transaction, its associates have sold (1) all of their minority interests in certain entities (and no longer hold a minority interest in any entity having an overlapping NAICS code with the acquired person) and (2) all of their interests in certain operating/controlled entities (although they continue to hold controlling interests in other entities having an overlapping NAICS code with the acquired person). The entities whose interests have been sold by the associates in 2021 derived revenues in 2020 from the same NAICS codes as the acquired person.

For Item 6(c)(ii), since the associates currently hold no minority interest in any entity having an overlapping NAICS code with the acquired person, the response to that Item should be “none”.

For Item 7, the associates should provide the required information for all entities in which they currently hold a controlling interest that have an overlapping NAICS code with the acquired person. They do not need to provide information regarding the controlled entities that have been sold in 2021.

Please let me know your thoughts.

1
Sheinberg, Samuel I.
From: 	HSRHelp
Sent: 	Friday, July 9, 2021 1:09 PM
To: 	Walsh, Kathryn E.; Berg, Karen E.; Sheinberg, Samuel I.; Six, Anne; Whitehead, Nora; Musick, Vesselina
Subject: 	FW: Request for Informal Interpretive Advice
From: Shaffer, Kristin <kshaffer@ftc.gov>
Sent: Friday, July 9, 2021 1:08:32 PM (UTC-05:00) Eastern Time (US & Canada)
To:
Cc: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: Request for Informal Interpretive Advice
We agree that only current holdings need to be reported.
Best regards,
Kristin
Kristin Shaffer
Attorney
Premerger Notification Office
Federal Trade Commission
202-326-2388 | kshaffer@ftc.gov
From:
Sent: Thursday, July 8, 2021 7:37 PM
To: HSRHelp <HSRHelp@ftc.gov>
Subject: Request for Informal Interpretive Advice
All,
A quick question on Items 6(c)(ii) and 7 of the Form regarding associates of the acquiring person. Acquiring
person is reporting on a calendar year basis (for the year ending December 31, 2020). Since the beginning of
2021 and prior to the proposed transaction, its associates have sold (1) all of their minority interests in certain
entities (and no longer hold a minority interest in any entity having an overlapping NAICS code with the
acquired person) and (2) all of their interests in certain operating/controlled entities (although they continue
to hold controlling interests in other entities having an overlapping NAICS code with the acquired person). The
entities whose interests have been sold by the associates in 2021 derived revenues in 2020 from the same
NAICS codes as the acquired person.
For Item 6(c)(ii), since the associates currently hold no minority interest in any entity having an overlapping
NAICS code with the acquired person, the response to that Item should be “none”.

2107005 Informal Interpretation

Question

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