Question
From:(redacted)
Sent:Thursday, April 13, 2006 9:27 AM
To:Verne, B. Michael
Subject:Item 3(d) Question
Mike,
I was wondering if you could provide some guidanceregarding the following issue. A party has entered into a purchase agreementwith an acquired person. However, prior to the consummation of the acquisitioncontemplated by the purchase agreement, that party will assign all of itsright, title, and interest in and to, and all of its responsibilities, duties,and obligation (including payment obligations) under, the purchase agreement toa third party. The third party will then succeed to all of the rights, obligations,duties, etc., of the original acquiring person under the purchase agreement. Itwill consummate the acquisition with the acquired person.
Is it permissible to file a HSR filing for the thirdparty as an acquiring person prior to the assignment to it of the purchaseagreement? The HSR Form would note the contemplated assignment in a footnote toitem 3(d), and the third party would execute the required affidavit under 16 C.F.R. 803.5(b)