[Federal Register Volume 60, Number 99 (Tuesday, May 23, 1995)]
[Notices]
[Page 27309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-12585]
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FEDERAL TRADE COMMISSION
[Dkt. 9271]
B.A.T Industries p.l.c., et al.; Prohibited Trade Practices, and
Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair acts and practices and unfair methods of competition, this
consent order permits, among other things, B.A.T Industries and Brown &
Williamson Tobacco Corporation to consummate the acquisition of
American Tobacco Company, but requires them to divest, within twelve
months, six American Tobacco discount cigarette brands and to divest to
the purchaser of these brands three American Tobacco full-revenue
brands, as well as the American Tobacco manufacturing facility in
Reidsville, N.C. If the required divestitures are not completed on
time, the consent order permits the Commission to appoint a trustee to
complete the transactions. In addition, the consent order requires the
respondents, for ten years, to obtain Commission approval before
acquiring any interest in a cigarette manufacturer or any assets used
to manufacture or distribute cigarettes in the United States.
DATES: Complaint issued November 28, 1994. Order issued April 19,
1995.\1\
\1\ Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
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FOR FURTHER INFORMATION CONTACT:
Joseph Krauss, FTC/H-324, Washington, D.C. 20580. (202) 326-2713.
SUPPLEMENTARY INFORMATION: On Wednesday, January 11, 1995, there was
published in the Federal Register, 60 FR 2751, a proposed consent
agreement with analysis In the Matter of B.A.T Industries p.l.c., et
al., for the purpose of soliciting public comment. Interested parties
were given sixty (60) days in which to submit comments, suggestions or
objections regarding the proposed form of the order.
Comments were filed and considered by the Commission. The
Commission has made its jurisdictional findings and entered an order to
divest, as set forth in the proposed consent agreement, in disposition
of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38
Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C.
45, 18)
Donald S. Clark,
Secretary.
[FR Doc. 95-12585 Filed 5-22-95; 8:45 am]
BILLING CODE 6750-01-M
