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Date

Tags:

Rule
801.11, Item 4(b)
Staff
Kathryn Walsh
Response/Comments

We agree and note that X might need to stipulate if its financials don’t show that SOP is met.

Question

From: Walsh, Kathryn E.


Sent: Monday, March 1, 2021 2:01:12 PM (UTC-05:00) Eastern Time (US & Canada)


To: [Redacted]


Cc: [Redacted]


Subject: FW: Filing with multiple UPEs

We agree and note that X might need to stipulate if its financials don’t show that SOP is met

From: [Redacted]


Sent: Monday, March 1, 2021 11:54:38 AM (UTC-05:00) Eastern Time (US & Canada)


To: [Redacted]


Subject: Filing with multiple UPEs

Good morning. I’m hoping to quickly confirm the filing requirements for a transaction.

In our transaction, the acquired entity X has two UPEs, A and B, who are both natural persons. I understand that, if A and B authorize it, X can file a single HSR form for the transaction, and a person with actual authority representing X can certify the form and can file one affidavit attesting to the good faith intent of both A and B to complete the transaction. In addition, because X is the highest level entity that A and B control, only X’s financials need to be provided for Item 4(b). Can you confirm?

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Informal interpretations provide guidance from previous staff interpretations on the applicability of the HSR rules to specific fact situations. You should not rely on them as a substitute for reading the Act and the Rules themselves. These materials do not, and are not intended to, constitute legal advice.

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