[Federal Register Volume 60, Number 111 (Friday, June 9, 1995)]
[Notices]
[Pages 30549-30550]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14185]
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FEDERAL TRADE COMMISSION
[Dkt. C-3577]
The Penn Traffic company; 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, the Penn Traffic Company to
acquire a number of Acme supermarkets from American Stores Company, but
requires it to divest, to a Commission approved acquirer or acquirers
within twelve months, one supermarket in each of the three Pennsylvania
areas designated (Towanda, Mount Carmel, and Pittston). If the
divestitures are not completed on time, the consent order permits the
[[Page 30550]] Commission to appoint a trustee to complete the
transactions. In addition, the consent order requires the respondent,
for ten years, to obtain Commission approval before acquiring any
interest in any entity that owns or operates a supermarket in any of
the three areas designated.
DATES: Complaint and Order issued May 15, 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:
Ronald Rowe or Marimichael Skubel, FTC/S-2105, Washington, D.C. 20580.
(202) 326-2610 or 326-2611.
SUPPLEMENTARY INFORMATION: On Monday, February 13, 1995, there was
published in the Federal Register, 60 FR 8239, a proposed consent
agreement with analysis In the Matter of the Penn Traffic Company, 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 ordered the issuance of the complaint in the form
contemplated by the agreement, 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. 95-14185 Filed 6-8-95; 8:45 am]
BILLING CODE 6750-01-M
