Question
From:(redacted)
Sent:Monday, September 25, 2006 8:38 AM
To:Verne, B. Michael
Cc:(redacted)
Subject:HSR Advice
HiMike - I would be grateful for your advice on the following fact pattern:
CompanyA will acquire 2 "wind projects " from Company B. At the time theacquisition agreement is signed, one of the projects will be operational. Theother may still be under construction. Total consideration for the transactionis $350 million. The value of the operational project is $50 million. The valueof the larger project, which may be under construction is $300 million. It ispossible that the larger project may sell energy generated in the testingprocess prior to completion (and prior to the closing) or it could beoperational for a couple of weeks after completion, but before the closing.
Any possibility that there is an exemption here under802.2?
I look forward to hearing from you. Thanks