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Date

Tags:

Rule
801.30
Staff
Kristin Shaffer
Response/Comments

Yes, unless this is a tender offer, the transaction can be filed as either an 801.30 or a non‐801.30 transaction. See PNPM #217. If you opt to file as an 801.30, remember that a notice letter must sent, notwithstanding the fact that there is an agreement.

Question

 

From: Shaffer, Kristin

Sent: Tuesday, May 09, 2017 3:49 PM

To: [Redacted] Walsh, Kathryn E.; Storm, Evan; Gillis, Diana L.; Whitehead, Nora;

Berg, Karen E.; Carson, Timothy

Subject: RE: 801.30

[Redacted],

Yes, unless this is a tender offer, the transaction can be filed as either an 801.30 or a non‐801.30 transaction. See PNPM #217. If you opt to file as an 801.30, remember that a notice letter must sent, notwithstanding the fact that there is an agreement.

Best regards,

Kristin

From: [Redacted]

Sent: Tuesday, May 09, 2017 3:37 PM

To: Walsh, Kathryn E.; Storm, Evan; Gillis, Diana L.; Whitehead, Nora; Berg, Karen E.; Shaffer, Kristin

Subject: 801.30

I think this is fairly straightforward but just confirming to make sure we file right. We represent buyer in a stock purchase agreement to acquire all voting shares of target from target’s shareholders. Target is its own UPE and is a party to the stock purchase agreement, as are the shareholders. I think I can file under 801.30(a)(5) – “acquisitions (other than mergers and consolidations) in which voting securities or non‐corporate interests are to be acquired from a holder or holders other than the issuer or unincorporated entity or an entity included within the same person as the issuer or unincorporated entity.” If so, this will start the waiting period when we file even is target has not filed yet – they are a couple of days behind us. Does this sound right?

Many thanks,

[Redacted]

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Informal interpretations provide guidance from previous staff interpretations on the applicability of the HSR rules to specific fact situations. You should not rely on them as a substitute for reading the Act and the Rules themselves. These materials do not, and are not intended to, constitute legal advice.

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