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Date
Rule
801.1(b)(2); 801.1(c)(3)
Staff
Jeff Dahnke
File Number
9105006
Response/Comments
5/17/91-Explained that trusts do not control since none of them holds 50% or more of theU.S. Trustee also does not control under 801.(b)(2) since the Trustee is not deemed to havecontractual power to appoint 50% or more of Board

Question

(redacted)

May 17, 1991

Attn:Mr. Jeff Dahnke
Premerger Notification Office
Bureau of Competition
Federal Trade Commission
6th & Pennsylvania Avenue,
Room 303
Washington, D.C. 20580


Dear Mr. Dahnke:


I would like to confirm our telephone conversation earlier this morning regarding the Antitrust Improvements Act Notification and Report Form. I conveyed to you that we are representing an acquiring person who is acquiring the stock of an issuer from seven shareholders. Four of the shareholders are trusts which have the same individual trustee and which collectively hold more than 50% of the shares of the issuer. You confirmed to me that the Federal Trade Commissions current position is that the issuer is the ultimate parent entity because no other person or entity controls the issuer. Although the trusts hold the stock, your determination was that they do not control the issuer.


In addition, you confirmed to me that the Federal Trade Commission would prefer that we characterize this acquisition as an 801.30 acquisition under the Antitrust Improvements Act of 1986 and file the appropriate affidavit and corresponding, notice required by Section 801.30. If my understanding of our conversation is incorrect, please contact me as soon as possible.


Thank you for your assistance in this matter.


If you have any questions or comments, please do not hesitate to contact me.


Very truly yours,


(redacted)


(redacted)

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