[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: 16CFR803.10]

[Page 620-621]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
                   CHAPTER I--FEDERAL TRADE COMMISSION
 
PART 803_TRANSMITTAL RULES--Table of Contents
 
Sec. 803.10  Running of time.

    (a) Beginning of waiting period. The waiting period required by the 
act shall begin on the date of receipt of the notification required by 
the act, in the manner provided by these rules (or, if such notification 
is not completed, the notification to the extent completed and a 
statement of the reasons for such noncompliance in accordance with Sec. 
803.3) from:
    (1) In the case of acquisitions to which Sec. 801.30 applies, the 
acquiring person;
    (2) In the case of the formation of a joint venture or other 
corporation covered by Sec. 801.40, all persons contributing to the 
formation of the joint venture or other corporation that are required by 
the act and these rules to file notification;
    (3) In the case of all other acquisitions, all persons required by 
the act and these rules to file notification.
    (b) Expiration of waiting period. (1) Subject to paragraph (b)(3) of 
this section, for purposes of Section

[[Page 621]]

7A(b)(1)(B), the waiting period shall expire at 11:59 p.m. Eastern Time 
on the 30th (or in the case of a cash tender offer or of an acquisition 
covered by 11 U.S.C. 363(b), the 15th) calendar day (or if Sec. 802.23 
applies, such other day as that section may provide) following the 
beginning of the waiting period as determined under paragraph (a) of 
this section, unless extended pursuant to Section 7A(e) and Sec. 
803.20, or Section 7A(g)(2), or unless terminated pursuant to Section 
7A(b)(2) and Sec. 803.11.
    (2) Unless further extended pursuant to Section 7A(g)(2), or 
terminated pursuant to Section 7A(b)(2) and Sec. 803.11, any waiting 
period which has been extended pursuant to Section 7A(e)(2) and Sec. 
803.20 shall, subject to paragraph (b)(3) of this section, expire at 
11:59 p.m. Eastern Time--
    (i) On the 30th (or, in the case of a cash tender offer or of an 
acquisition covered by 11 U.S.C. 363(b), the 10th) day following the 
date of receipt of all additional information or documentary material 
requested from all persons to whom such requests have been directed (or, 
if a request is not fully complied with, the information and documentary 
material submitted and a statement of the reasons for such noncompliance 
in accordance with Sec. 803.3), by the Federal Trade Commission or 
Assistant Attorney General, whichever requested additional information 
or documentary material, at the office designated in paragraph (c) of 
this section, or
    (ii) As provided in paragraph (b)(1) of this section, whichever is 
later.
    (3) If any waiting period would expire on a Saturday, Sunday, or 
legal public holiday (as defined in 5 U.S.C. 6103(a)) the waiting period 
shall be extended to 11:59 p.m. Eastern Time of the next regular 
business day.
    (c)(1) Date of receipt and means of delivery. For purposes of this 
section, the date of receipt shall be the date on which delivery is 
effected to the designated offices (Premerger Notification Office, Room 
303, Federal Trade Commission, 600 Pennsylvania Avenue, NW, Washington, 
DC 20580, and Director of Operations and Merger Enforcement, Antitrust 
Division, Department of Justice, Patrick Henry Building, 601 D Street, 
NW, Room 10013, Washington, DC 20530) during normal business 
hours. Delivery effected after 5:00 p.m. Eastern Time on a regular 
business day, or at any time on any day other than a regular business 
day, shall be deemed effected on the next following regular business 
day. Delivery should be effected directly to the designated offices, 
either by hand or by certified or registered mail. If delivery of all 
required filings to all offices required to receive such filings is not 
effected on the same date, the date of receipt shall be the latest of 
the dates on which delivery is effected.

    Example: In an acquisition other than a tender offer, assume that 
requests for additional information are issued to both the acquiring and 
acquired persons on the 26th day of the waiting period. One person 
submits the additional information on the 35th day, while the other 
responds on the 44th day. Under this section, the waiting period expires 
thirty days following the last receipt of additional information, that 
is, it expires on the 74th day (unless that day is a Saturday, Sunday or 
legal public holiday).

    (2) Deficient filings. If notification or a response to a request 
for additional information or documentary material received by the 
Commission or Assistant Attorney General does not comply with these 
rules, the Commission or the Assistant Attorney General shall promptly 
notify the person filing such notification or response of the 
deficiencies in such filing, and the date of receipt shall be the date 
on which a filing which complies with these rules is received.

[43 FR 33548, July 31, 1978; 43 FR 36054, Aug. 15, 1978, as amended at 
52 FR 7083, Mar. 6, 1987; 66 FR 8696, Feb. 1, 2001]