[Federal Register Volume 82, Number 93 (Tuesday, May 16, 2017)]
[Notices]
[Page 22563]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-09838]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration

[Prohibited Transaction Exemption (PTE) 2016-08; Exemption Application 
No. D-11866]


Baxter International Inc. (Baxter); Located in Deerfield, IL

AGENCY: Employee Benefits Security Administration, Department of Labor.

ACTION: Notice of technical correction.

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    On October 19, 2016, the Department published PTE 2016-08 in the 
Federal Register at 81 FR 72119. PTE 2016-08 is an administrative 
exemption from the prohibited transaction provisions of the Employee 
Retirement Income Security Act of 1974 (the Act), and the Internal 
Revenue Code of 1986, that permits Baxter International Inc. to 
contribute publicly traded common stock of Baxalta (the Contribution) 
to the Baxter International Inc. and Subsidiaries Pension Plan.
    Due to a technical error, the effective date of the grant notice is 
incorrect. Accordingly, the Department is hereby revising that notice. 
On page 72120 of the grant notice, the third full paragraph beginning 
with ``Effective Date'' is revised to read:
    This exemption is effective as of May 2, 2016, the date the 
Contribution was initiated by Baxter.

FOR FURTHER INFORMATION CONTACT: Mr. Erin Hesse of the Department, 
telephone (202) 693-8546. (This is not a toll-free number).

    Signed at Washington, DC, this 28th day of April, 2017.
Lyssa E. Hall,
Director, Office of Exemption Determinations, Employee Benefits 
Security Administration, U.S. Department Of Labor.
[FR Doc. 2017-09838 Filed 5-15-17; 8:45 am]
 BILLING CODE 4510-29-P