Question
From:
(redacted)
Sent:
Wednesday, June 25,200812:46 PM
To:
Verne, B. Michael
Subject: 801.11 (e)Question
Mike,
In an acquisitionof noncorporate interests, where the transaction value is less than $200million (as adjusted), the acquiring person currently holds less than 50% ofthe interests in the acquired noncorporate entity but the proposed transactionwould cause the acquiring person to go over 50% of the acquired entity. Theacquiring
person has noregularly prepared financial statements.
When determiningthe total assets of the acquiring person, can we exclude the value of thenoncorporate interests currently held in the acquired entity?