Displaying 4261 - 4280 of 4666
Mylan, Nation's Second Largest Generic Drug Maker, Charged with Restraint of Trade, Conspiracy & Monopolization
Albertson's, Inc., Locomotive Acquisition Corporation, Buttrey Food and Drug Store Company, and FS Equity Partners II, L.P
A consent order requires Albertson's to divest eight supermarkets in Montana and seven in Wyoming in order to settle FTC charges and maintain competitive grocery pricing in 11 communities following its acquisition of the Buttrey Food and Drug Store Company. Under the consent agreement, 13 of the supermarkets would be sold to Smith's Food and Drug Centers, Inc. and two supermarkets would be sold to Supervalu Holdings, Inc.
Proposed Consent Order Would Bar Restraints on Competition For Marine Pilot Services in Oregon
Â鶹´«Ã½-Mogul Corporation, and T&N PL
Â鶹´«Ã½-Mogul, one of the world's leading producers of thinwall bearings used in car, truck and heavy equipment engines, agreed to divest the thinwall bearings assets it acquired in its $2.4 billion takeover of T&N, plc. to settle FTC charges that the acquisition would likely substantially reduce competition in the worldwide market for thinwall bearings. According to the FTC, Â鶹´«Ã½-Mogul and T&N, headquartered in Manchester, England, have a combined market share in the United States of nearly 80 percent or more in each of the four markets identified in the complaint. The FTC consent order requiree Â鶹´«Ã½-Mogul to divest the thinwall bearings business of T&N, which includes the assets and plants that T&N uses to make thinwall bearings, as well as intellectual property that T&N uses to develop and design new bearings to meet the needs of engines that OEMs will develop in the future. To ensure that the divested thinwall bearings business would be in the same position that T&N had been in terms of research, the proposed order identifies individuals in T&N who worked on bearings research and development, and requires Â鶹´«Ã½-Mogul and T&N to assign those personnel to the businesses to be divested.
Policy Concerning Disclosures of Nonmerger Competition and Consumer Protection Investigations
Commonwealth Land Title Insurance Company, In the Matter of
Final consent order settled allegations that the proposed consolidation of Commonwealth's title plant with First American Title Insurance Company, its only competitor in the Washington, DC area, would create a monopoly for title services in the Washington, DC market. The consent order requires Commonwealth, among other things, to reestablish its operations and to maintain them as viable businesses in competition with First American.
Exxon Corporation, The Shell Petroleum Company Limited, and Shell Oil Company, In the Matter of
Exxon will divest its viscosity index improver business to Chevron Chemical Company LLC to settle allegations that its proposed joint venture with Royal Dutch Shell to develop, manufacture and sell their fuel and lubricants additives would reduce competition and lead to collusion among the remaining firms in the market.
Fair Allocation System, Inc.
An association of 25 automobile dealerships settled charges that they agreed to boycott Chrysler if the manufacturer continued to allocate vehicles based on total sales. Competing dealers marketed vehicles offering lower prices on the Internet and were taking substantial sales from other dealers in the Northwest. The consent order prohibits the dealers from threatening to enter into any boycott or refusal to deal with any automobile manufacturer or consumer.
SoftSearch Holdings, Inc., and GeoQuest International Holdings, Inc.
Consent order settles charges that the acquisition of Petroleum Information Corporation could create a monopoly for production and well history data used by geologists and petroleum engineers to find additional oil and gas reserves. The settlement requires Dwight to license a complete set of well history to HPDI, an independent competitor, or another Commission-approved licensee.
Nortek, Inc.
Nortek, Inc., agreed to settle FTC charges that its $242.5 million acquisition of NuTone, its closest competitor in the hard-wired residential intercom business, would violate federal antitrust laws by creating a dominant firm that could drive up prices in the market. Nortek, based in Providence, Rhode Island, controls 31 percent of the market for hard- wired residential intercoms, through its M & S subsidiary. NuTone is the leading seller of residential intercoms, with about 56 percent of the market. Together, the merged firm would control about 87 percent of U.S. hard-wired residential intercom sales.To settle the FTC charges, Nortek agreed to divest M & S, its wholly-owned subsidiary and the second-largest seller of hard-wired residential intercoms in the United States.
South Lake Tahoe Lodging Association
Consent order prohibits the association from entering into agreements that restrict its members from posting or advertising room rates for lodgings in the South Lake Tahoe area of Northern California and Nevada.
Shell Oil Company to Divest Parts of Gas Pipeline System in Oklahoma and Texas to Resolve FTC Competition Concerns over ANR Acquisition
Schwartz, Gerald W.; Onex Corporation, SC International Services, Inc., and Sky Chefs, Inc., In the Matter of
Sky Chefs modified its acquisition plans, excluding Ogden Corporation's in-flight catering operation at the McCarran International Airport in Las Vegas, Nevada from its purchase agreement, to settle Commission concerns that the consolidation of the two firms in Las Vegas would lead to higher prices for airline catering services. The consent order prohibits Sky Chefs from making certain acquisitions without Commission approval for 10 years.
FTC Charges Lafarge, Boral Violated Antitrust Laws
Dentists of Juana Diaz, Coamo, and Santa Isabel, Puerto Rico
Dentists in three communities in Puerto Rico settled charges that they refused to provide dental services under the government's managed care plan for the indigent unless they received certain prices. Under the terms of the consent order, the dentists are prohibited from jointly boycotting or refusing to deal with any third party payer to obtain higher reimbursement rates for dental services.
M.D. Physicians of Southwest Louisiana, Inc.
A group of physicians in the area of Lake Charles, Louisiana settled charges that they illegally conspired to fix the prices for professional services by engaging in joint price negotiations with third-party payers. The final consent order prohibits such practices but does allow the MDP to engage in legitimate joint conduct.
Washington, DC-based Title Plant Agrees to Settle FTC Charges
Columbia/HCA Healthcare Corp, In the Matter of
Columbia MCA paid a $2.5 million civil penalty to settle charges that it failed to divest the Davis Hospital and Medical Center in Layton, Utah, the Pioneer Valley Hospital in West Valley City, Utah and the South Seminole Hospital in Florida as required by a 1995 consent order. The complaint and settlement were filed in the U.S. District Court for the District of Columbia.
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