1110016 Informal Interpretation

us-ftc-hsr-informal-interpretations-f82c09fb1cae7c0aaccb1765c7045e521110016 Informal InterpretationGuidance

Date
Rule
802.4
Staff
Michael Verne
Response/Comments
Yes -you can use it on a minority acquisition of voting securities, but you can't value the non-exempt assets pro rata to the percentage you are acquiring. You still need to value 100% of the non-exempt assets.

Question

From:

(Redacted)

Sent:

Thursday, October 20, 2011 12:27 PM

To:

Verne, B. Michael

Subject:

quick question

Hi, Mike. Quick question.I don't think I've seen an informal interpretation that addresses this. Can youuse 802.4 in the context of a minority acquisition? All of the examples andinterpretations seem to contemplate obtaining control.


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