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Date
Rule
801.2
Staff
Michael Verne
Response/Comments
As a result of the consolidation C would be attributed the assets/revenue of A & B and would be a $100 MM person. $10 MM shareholders of A & B would have potential filing obligation.

Question

From:       [redacted]

To:          mverne@

Date:       Mon, Oct 9, 2000 11:31 AM

Subject:   HSR interpretation

HI Mike - I would appreciate your guidance on the following fact pattern:

Facts: A and B wish to engage in a business combination. A will be merged with and into B and shareholders of A and B will be ginven shares of C - the consolidated entity. Neither A nor B are $100 million persons, But C will have in excess of $100 after the consolidation. Issue: I believe there would be no filing obligation for the consolidation as there is no $100 person. Assuming however, that shareholders of A and B are $10 million persons, and the investment only exemption is not available, would shareholders of A and or B have a filing obligation in their acquisition of shares of C?

Thanks,

[redacted]

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cc: [redacted]

About Informal Interpretations

Informal interpretations provide guidance from PNO staff on the applicability of the HSR rules to specific fact situations. They do not necessarily reflect the position of the Commission. 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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