Federal Trade Commission: Study Needed to Assess the Effects of Recent Divestitures on Competition in Retail Markets
The FTC analyzes mergers (both proposed and completed) for possible anticompetitive harm in the marketplace, such as price increases or reduced innovation. This report provides info. on: (1) "clean sweep" divestitures, in which one of the merging parties divests all of its assets in the relevant product market(s), such as the retail sale of food and grocery prod. in supermarkets, within a single geog. market; (2) single buyers, who purchase all divested assets in a geog. market; and (3) upfront buyers, who are identified by the merging parties &, as agreed to by FTC, included in the proposed consent order as the buyers of the divested assets. Focuses on divestitures from FY1990-2000 for the grocery store, drug store, funeral serv., and gas station industries.
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According to FTC announced for public anticompetitive antitrust practitioners average annual revenues Bureau of Competition businesses to purchase buyers of divested clean sweep divestitures Company Date FTC announced deﬁnition divested grocery store Divestiture Orders Announced divestiture study drug store Federal Trade Commission FI‘C Divestiture Orders FI‘C staff ﬁnal ﬁrms ﬁscal years 1990 Food Marketing Institute FTC announced divestiture FTC staff FTC staff told FTC’s divestiture practices funeral services geographic market grocery store assets grocery store divestiture grocery store industry HSR Act identiﬁed indirect buyers level of smaller Merger Remedy Processes Merger Review Merging parties Product number Merging parties ofﬁcials orders for public participation in purchasing parties Product market(s percent period products in supermarkets proposed consent order purchase divested assets purchased the divested purchasing divested grocery Retail sale sale of food Service Corporation International signiﬁcant single buyer small businesses smaller business participation smaller buyers Speciﬁcally supermarkets transaction up-front buyers
Page 50 - We will also make copies available to others upon request. In addition, the report will be available at no charge on GAO's Web site at http://www.gao.gov. If you or your staff have any questions about this report, please contact me at (202) 512-7215 or email@example.com.
Page 126 - Hart-Scott-Rodino Antitrust Improvements Act of 1976 Title II of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), 15 USC 18a, provides the Department and the Commission with several procedural devices to facilitate enforcement of the antitrust laws with respect to anticompetitive mergers and...
Page 59 - Institute (FMI) is a nonprofit association conducting programs in research, education, industry relations and public affairs on behalf of its 1,500 members including their subsidiaries— food retailers and wholesalers and their customers in the United States and around the world.
Page 70 - Companies will now pay $45,000 for transactions valued at less than $100 million, $125,000 for transactions valued at $100 million to less than $500 million, and $280,000 for transactions valued at $500 million or more.
Page 8 - Protection's mandate is to protect consumers against unfair, deceptive, or fraudulent practices. The bureau enforces a variety of consumer protection laws enacted by Congress, as well as trade regulation rules issued by the commission.
Page 49 - FTC previously provided technical comments, which have been incorporated in this report where appropriate. We are sending copies of this report to the Chairman of the Federal Trade Commission and interested congressional committees.
Page 44 - Minimize the burden of the collection of information on those who are to respond, including through the use of...
Page 78 - Similarly, if a court has denied a preliminary injunction, staff assess the public interest in proceeding with a full administrative trial on the merits before an administrative law judge and make an appropriate recommendation to FTC. FTC determines whether to proceed with the administrative trial on the merits. After FTC issues an administrative complaint, staff litigate the merger before an administrative law judge and pursue or defend appeals to FTC as directed by the Bureau Director. The administrative...
Page 9 - Act, which prohibits mergers and acquisitions that may substantially lessen competition or tend to create a monopoly in any market.