Question
FACSIMILE TRANSMITTAL
(redacted)
TO: Nancy Ovuka
FROM: (redacted)
COMPANY: FTC Premerger
DATE: 8/3/94
FAX NO:( 202) 326-2050
TIME:
MAIN NO:(202) 326-3100
DIRECT FAX LINE: (redacted)
NO. OF PAGES:
CHARGE TO: (redacted)
(including this Page)
If you do not receive all the pages, please telephone (redacted) immediately.
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MESSAGE:
Following is the diagram of the transaction we discussed. I believe the issue boils down to whether the $165 million being transferred to B (as cash or as assumption of liabilities) can be characterized as an equalization payment within the terms of Interpretation 47.
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[Confidentiality Language]
[Diagram]