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Title 120 General Manual Part 406 Acquisition Subpart O Use of Government Fleet Cards 406.170 General This subpart establishes ARCS policies, procedures, and responsibilities for use of fleet charge
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Part 406 acquisition refers to the process of purchasing a controlling interest in a company.
Parties who acquire a controlling interest in a company are required to file part 406 acquisition.
Part 406 acquisition must be filled out with detailed information on the acquiring party, the target company, and the terms of the acquisition.
The purpose of part 406 acquisition is to provide transparency and information to regulatory authorities about changes in ownership of companies.
Part 406 acquisition must include information on the acquiring party, target company, the percentage of ownership acquired, and any relevant financial details.
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