Question
From: (Redacted)
Sent: Monday, August 24, 20094:09 PM
To: Verne, B. Michael
Subject: HSR Question
Mike,
I have a somewhat unusual potential transaction and I was hoping to get your thoughts/confirmation. The facts are as follows:
Step 1: A sells $40 million worth of assets to B.
Step 2: B and A each contribute $40 million worth of assets to N (a newly created 50/50 JV)
Step 3: A and B also agree that N will purchase an additional $50 million worth of assets from A within 3 years. In the meantime, N will lease the $50 million worth of assets from A.
Questions: