Question
From: (redacted)
Sent: Wednesday, September 07, 2005 4:31 PM
To: Verne,B. Michael
Subject: HSR question
I have a question for you, the answer to which I am havingdifficulty finding in the informal interpretations.
Hypothetical:
Company A is acquiring Company B, an LLC the assets of whichinclude some assets that would be exempt (foreign assets w/ us sales < $53.1mill, etc.). Do I understand correctly that we are able to look to the assetsof the LLC and carve out the exempt assets for purposes of determining the sizeof the transaction?
Now take it down one more level: the LLC is comprised of multiplelimited partnerships, the assets of some of which would be exempt. Do welikewise look to the assets of these partnerships, carve out the exempt assetswith respect to the partnerships? Or are we looking at the assets of the LLCbeing the limited partnership interests, without consideration of assets withinthese partnerships?