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1) Correct 2) Agree 3) Having the contractual authority to make acquisition decisions is enough even if it doesn't have the authority to make disposition decisions

if the Newco is its own UPE, we wouldn't get any additional information, unless one of the sponsors is a "lead investor" who individually directs Newco's investment decisions. 3) If there are two 50...

1) We are only looking for sales of the products into the US, not total sales of those products 2) No - if a foreign manufacturer sells products to a third party foreign distributor, those revenues...

1) We are only looking for sales of the products into the US, not total sales of those products 2) No - if a foreign manufacturer sells products to a third party foreign distributor, those revenues...

if the Newco is its own UPE, we wouldn't get any additional information, unless one of the sponsors is a "lead investor" who individually directs Newco's investment decisions. 3) If there are two 50...

1) Correct 2) Agree 3) Having the contractual authority to make acquisition decisions is enough even if it doesn't have the authority to make disposition decisions

UPDATE: July 14, 2015 -- The below interpretation, as it relates to 802.5, is no longer the position of the PNO. The PNO’s clarified position, found at " HSR Rule 802.5: the Investment Rental Property...

Correct

Correct