Question
(redacted)
April 23, 1998
Michael Verne
Premerger Notification Office
Bureau of Competition
Federal Trade Commission
600 Pennsylvania Avenue, NW, Room 303
Washington, D.C. 20580
Re:Premerger notification Requirements
Dear Mr. Verne:
This letter will confirm our telephone conversation of earlier today in which I inquired about the size-of-person test as applied to an individual who controls a corporation, in connection with the premerger notification requirements. In particular, I inquired as to how the assets of such an individual, who is the ultimate parent entity in such a situation, are calculated. You indicated that when a corporation is controlled by an individual, the assets of the corporation (as reflected on the corporations last regularly prepared balance sheet) are attributed to that individual. You further stated that, in determining the total assets the ultimate parent entity has, the corporations assets are added to the other assets (investment assets, voting securities and other income-producing property) the individual holds, without counting the individuals holdings in the corporation(s) he or she controls.
Thank you for your prompt and informative assistance in this matter.
Sincerely,
cc: (redacted)