Bruce Rogers Esq
Second Secretary (Economic)
Embassy of the United States of America
24 Grosvenor Square
London W1A 1AE
071 215 5329
NL 4/07
6 May 1993
US ANTI-TRUST NOTIFICATION: PROPOSED ACQUISITION OF MAJORITY SHARE IN G.M. PFAFF AG (GERMANY) BY SEMI-TECH (GLOBAL) CO. LTD. (HONG KONG)
Thank you for your letter of 21 April to John Hagestadt concerning the investigation by the FTC of the proposed acquisition of a majority share in G.M. Pfaff AG, a German company, by Semi-Tech (Global) Co. Ltd, a Hong Kong company.
We have taken careful note of the information contained in your letter. This notification is still under consideration. In order
to help us to understand better the interest of the FTC in the proposed acquisition, we would like some additional information about their investigation. In particular, we would like to know:
(1) if either of the subsidiaries of the German or Hong
Hong Kong companies in the US is involved in the product market for sewing machines;
(2)
if the acquisition went ahead, would this lead to a
concentration of market share in
in the hands of the merged