§ 801.3. Activities in or affecting commerce.
149 words·~1 min read·
/us/cfr/t16/s§ 801.3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7A(a)(1) is satisfied if any entity included within the acquiring person, or any entity included within the acquired person, is engaged in commerce or in any activity affecting commerce. Examples:1. A foreign subsidiary of a U.S. corporation seeks to acquire a foreign business. The acquiring person includes the U.S. parent corporation. If the U.S. corporation, or the foreign subsidiary, or any entity controlled by either one of them, is engaged in commerce or in any activity affecting commerce, section 7A(a)(1) is satisfied.
Note, however, that §§ 802.50-802.52 may exempt certain acquisitions of foreign businesses or assets. 2. Even if none of the entities within the acquiring person is engaged in commerce or in any activity affecting commerce, the acquisition nevertheless satisfies section 7A(a)(1) if any entity included within the acquired person is so engaged. ``` ``` \[43 FR 33537, July 31, 1978; 43 FR 36054, Aug. 15, 1978\]