Premerger Notification: Reporting and Waiting Period Requirements

FEDERAL TRADE COMMISSION

Premerger Notification: Reporting and Waiting Period Requirements

AGENCY: Federal Trade Commission.

ACTION: Notice of postponement of the effective date of Formal

Interpretation 15.

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SUMMARY: On October 13, 1998, the Premerger Notification Office

(``PNO'') of the Federal Trade Commission (``FTC''), with the

concurrence of the Assistant Attorney General in charge of the

Antitrust Division of the Department of Justice (``DOJ''), published a

notice of the adoption of a Formal Interpretation of the Hart-Scott-

Rodino Act, which requires certain persons planning certain mergers,

consolidations, or other acquisitions to report information about the

proposed transactions to the FTC and DOJ. 63 FR 54713 (October 13,

1998). The Interpretation concerns the reportability of certain

transactions involving a Limited Liability Company (``LLC''). Under the

Interpretation, the formation of an LLC would be reportable if it would

unite two or more pre-existing businesses under common control.

This Formal Interpretation was to have become effective on December

14, 1998, after a thirty day comment period. The PNO has postponed the

effective date of this Formal Interpretation until February 1, 1999, in

order to review and analyze the comments received.

FOR FURTHER INFORMATION CONTACT:

Joseph G. Krauss, Assistant Director for the Premerger Notification

Office, Bureau of Competition, Room 301, Federal Trade Commission,

Washington, DC 20580. Telephone: (202) 326-2713. Thomas F. Hancock,

Attorney, Premerger Notification Office, Bureau of Competition, Room

301, Federal Trade Commission, Washington, DC 20580. Telephone: (202)

326-2946.

Donald S. Clark,

Secretary.

[FR Doc. 98-32078 Filed 12-1-98; 8:45 am]

BILLING CODE 6750-01-M