Question
(redacted)
Andrew M. Scanlon
Premerger Notification Office
Bureau of Competition
Federal Trade Commission
600 Pennsylvania Avenue, NW, Room 303
Washington, D.C. 20580
Re (redacted) Parent of Acquiring. (redacted) Parent of the Acquired Person
Dear Mr. Scanlon:
This letter confirms our telephone conversation this morning relating to the transaction (Sale Transaction) described in the above filing made on November 26, 1986, for which Early Termination of the waiting period was granted on December 10, 1986.
As described in the filing, (redacted) owns 100% of the stock of (redacted) which is a holding company and which in turn owns all of the stock of several subsidiaries (Subsidiaries), including (redacted) whose stock will be sold in the sale transaction.
(redacted) proposes to liquidate (redacted) prior to the Sale Transaction and all of the stock of the Subsidiaries, including (redacted) will be transferred from (redacted) to (redacted) rather than (redacted) will then be the owner and seller of the shares of (redacted) in the Sale Transaction. Of course, the transfer of (redacted) to (redacted) is within the same group and the sale of (redacted) will be made by the ultimate parent (redacted) rather than the intermediate parent (redacted)
You indicated that if the liquidation occurred and the Sale Transaction effected by (redacted) it would not effect the Early Termination previously granted and the parties are free to proceed immediately with the transaction.
I thank you for your cooperation. Would you kindly acknowledge receipt of this letter on the attached copy and return it in the addressed stamped self-addressed envelope.
Sincerely,
(redacted)
cc: (redacted)