[Code of Federal Regulations]
[Title 16, Volume 1]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 16CFR801.32]

[Page 596]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
                   CHAPTER I--FEDERAL TRADE COMMISSION
 
PART 801_COVERAGE RULES--Table of Contents
 
Sec. 801.32  Conversion and acquisition.

    A conversion is an acquisition within the meaning of the act.

    Example: Assume that acquiring person ``A'' wishes to convert 
convertible voting securities of issuer X, and is to receive common 
stock of X valued at $80 million. If ``A'' and ``X'' satisfy the 
criteria of Section 7A(a)(1) and Section 7A(a)(2)(B)(ii), then ``A'' and 
``X'' must file notification and observe the waiting period before ``A'' 
completes the acquisition of the X common stock, unless exempted by 
Section 7A(c) or these rules. Since Sec. 801.30 applies, the waiting 
period begins upon notification by ``A,'' and ``X'' must file 
notification within 15 days.

[43 FR 33537, July 31, 1978, as amended at 66 FR 8690, Feb. 1, 2001]