§ 1610. Exclusions.

This article shall not apply when:

(a) The offeror or the target company is a public utility or a public
utility holding company as defined in section two of the "Public Utility
Holding Company Act of 1935," (49 Stat.803, 15 U.S.C. 79), as amended,
and the takeover bid is subject to approval by the appropriate federal
agency as provided in such act;

(b) The offeror or the target company is a bank or a bank holding
company as subject to the "Bank Holding Company Act of 1956," (70 Stat.
133, 12 U.S.C. 1841), and subsequent amendments thereto, and the
takeover bid is subject to approval by the appropriate federal agency as
provided in such act;

(c) The offeror or the target company is a savings and loan holding
company as defined in section two of the "Savings and Loan Holding
Company Amendments of 1967," (82 Stat. 5, 12 U.S.C. 1730A), as amended,
and the takeover bid is subject to approval by the appropriate federal
agency as provided in such act;

(d) The offeror and the target company are banks and the offer is part
of a merger transaction subject to approval by appropriate federal or
state supervisory authorities.