0602019 Informal Interpretation

us-ftc-hsr-informal-interpretations-c6346564389fde8d47801e0898b63e300602019 Informal InterpretationGuidance

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Date
Rule
Form Item 3(d)
Staff
Michael Verne
Response/Comments
Term sheet ok OK of executed by both parties.

Question

From: (redacted)

Sent: Thursday, February 16, 2006 8:08 AM

To: Verne, B. Michael

Subject:Documentary Attachment 3(d)

Mike:

I presume, but would like toverify, that parties can make an HSR filing on an agreed upon Term Sheet.

It strikes me that this isjust as "binding" as a Letter of Intent (which often have broadranging out-clauses).

In such filing, all otherformalities (e.g. the Affidavit, etc) would be followed.

What would the PNO requireof such Term Sheet? Should it be signed by the parties?

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