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Date
Rule
801.10
Staff
Michael Verne
Response/Comments
1) Agree not reportable. 2) The filling fee is based on the $180MM acquisition price.

Question

From: (redacted)
Sent: Wednesday, August 31, 2005 12:49 PM
To: Verne, B. Michael
Subject: RE: HSR

Two quick questions:

1. If I am selling $120,000,000 in assets to three differentunrelated buyers (each purchasing $40,000,000 worth) through one salescontract, is it safe to assume that no filing is necessary since no entity isacquiring $53.1 million of assets?

2. If I am acquiring 100% of the stock of a foreign entity (viamerger) which has more than $53,100,000 of assets in the US, but let than$100,000,000 (assuming all the other thresholds are met so that a filing isnecessary), how do I calculate my filing fee? The total purchase price for thestock is $180,000,000 but a majority of the company is non-US assets andrevenues. Can I assume that if I was buying the assets directly I would onlypay the $45,000 fee, it makes no difference now that I am buying the stock oris there a different methodology involving the purchase of stock.

About Informal Interpretations

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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