FTC Challenges A&Ps Proposed Acquisition store of Pathmark Supermarkets | Federal Trade Commission
About the FTC What We Do Enforcement Authority Our History FTC Minutes: The Early Years Oral Histories The FTC at 90: Symposium Building Images Commissioners Edith Ramirez Julie Brill Maureen K. Ohlhausen Joshua D. Wright Bureaus & Offices Bureau of Competition Bureau of Consumer Protection Bureau of Economics store Office of Congressional Relations Office of Equal Employment Opportunity Office of International Affairs Office of the Executive Director Office of the General Counsel Office of Policy Planning Regional Offices Office store of Administrative Law Judges Office of Public Affairs Office of the Secretary Biographies Budgets store Financial store Documents Other Financial Information Performance Office of Inspector General Scam Alert What You Need to Know About the Office of the Inspector General store Reporting store Waste, Abuse or Mismanagement Whistleblower store Protection store OIG Audits and Evaluations OIG Investigations OIG Reading Room Notice Concerning Nondisclosure Policies, Forms, or Agreements Contact the OIG FOIA About the Privacy Act FOIA Reading Rooms FOIA Request Fee Regulations Freedom of Information Act Contacts Frequently Asked Questions (FAQ's) Links Table of Contents Exemptions Careers at the FTC Types of Jobs at the FTC The FTC Benefits Diversity News & Events Press Releases Media Resources Consumer Finance Mergers and Competition Mobile Technology The Do Not Call Registry Tools for Consumers Truth In Advertising Protecting Consumer Privacy Identity Theft and Data Security Events Calendar All Events Weekly store Calendar Weekly Calendar Archive Speeches Audio/Video Featured Videos FTC Events For Consumers For Business En Español Social Media FTC Facebook Chats FTC Twitter Chats Live-Tweeting store FTC Workshops Blogs Competition Matters Tech@FTC Commenting Policy Enforcement Cases and Proceedings Case Document Search Refunds Commission Decision Volumes Closing Letters and Other Public Statements Petitions to Quash Adjudicative Proceedings Premerger Notification Program Statute, Rules and Formal Interpretations Form and Instructions Informal Interpretations Early Termination Notices Current Thresholds Filing Fee Information Post-Consummation Filings (HSR Violations) Medicare Act Filings store HSR Resources Contact Information First Time Filer? Merger Review store Anticompetitive Practices Rules eCFR Rulemaking and Regulatory Reform Proceedings Trade Regulations Rules and Industry Guides Regulatory Review Statutes Consumer Sentinel Network Members Reports Newsletters Data Contributors Policy Advocacy Amicus Briefs Advocacy Filings store Other Applications, Petitions, and Requests Advisory Opinions Federal Register Notices Reports Policy Reports US Submissions to OECD and Other International Competition Fora Litigation Status Report Magnuson-Moss Warranty store Public Audit Filings Webb-Pomerene Act Filings Testimony Public Comments Public Comment Search International International Competition International Consumer Protection International Technical store Assistance Program International Cooperation Agreements Competition & Consumer Protection Authorities Worldwide store International Fellows Program Tips & Advice For Consumers Business Center Competition Guidance I Would Like To... Submit a Consumer Complaint to the FTC File a Comment Get a Free Copy of My Credit Report List a Number on the National Do Not Call Registry Report An Antitrust Violation
The Federal Trade Commission today announced a complaint challenging The Great Atlantic & Pacific Tea Company, Inc. s (A&P) proposed $1.3 billion acquisition of Pathmark Stores, Inc. The complaint charges that the proposed acquisition would result in reduced competition between the two supermarket firms in Staten Island, New York and Shirley, Long Island, New York. Under the terms of a consent order settling store the Commission s charges, the companies must sell four of A&P s Waldbaum s supermarkets store and one Pathmark supermarket in Staten Island, as well as one Waldbaum s supermarket in Shirley, Long Island, to Commission- approved buyers by January 10, 2008.
A&P and Pathmark are supermarket competitors in the highly concentrated areas of Staten Island and Shirley, Long Island, New York, said Jeffrey Schmidt, Director of the FTC s Bureau of Competition. Absent the relief provided by the Commission s consent order, consumers store in these areas likely store would face higher prices and lower levels of service when shopping for their weekly groceries.
Under store the terms of an agreement between the companies dated March 4, 2007, A&P will acquire all of the voting securities of Pathmark for approximately $1.3 billion, including the assumption of debt. A&P, a Maryland corporation based in Montvale, New Jersey, owns and operates about 316 supermarkets in Connecticut, Delaware, Maryland, New York, New Jersey, store and the District of Columbia. It operates supermarkets under the A&P, A&P
About the FTC What We Do Enforcement Authority Our History FTC Minutes: The Early Years Oral Histories The FTC at 90: Symposium Building Images Commissioners Edith Ramirez Julie Brill Maureen K. Ohlhausen Joshua D. Wright Bureaus & Offices Bureau of Competition Bureau of Consumer Protection Bureau of Economics store Office of Congressional Relations Office of Equal Employment Opportunity Office of International Affairs Office of the Executive Director Office of the General Counsel Office of Policy Planning Regional Offices Office store of Administrative Law Judges Office of Public Affairs Office of the Secretary Biographies Budgets store Financial store Documents Other Financial Information Performance Office of Inspector General Scam Alert What You Need to Know About the Office of the Inspector General store Reporting store Waste, Abuse or Mismanagement Whistleblower store Protection store OIG Audits and Evaluations OIG Investigations OIG Reading Room Notice Concerning Nondisclosure Policies, Forms, or Agreements Contact the OIG FOIA About the Privacy Act FOIA Reading Rooms FOIA Request Fee Regulations Freedom of Information Act Contacts Frequently Asked Questions (FAQ's) Links Table of Contents Exemptions Careers at the FTC Types of Jobs at the FTC The FTC Benefits Diversity News & Events Press Releases Media Resources Consumer Finance Mergers and Competition Mobile Technology The Do Not Call Registry Tools for Consumers Truth In Advertising Protecting Consumer Privacy Identity Theft and Data Security Events Calendar All Events Weekly store Calendar Weekly Calendar Archive Speeches Audio/Video Featured Videos FTC Events For Consumers For Business En Español Social Media FTC Facebook Chats FTC Twitter Chats Live-Tweeting store FTC Workshops Blogs Competition Matters Tech@FTC Commenting Policy Enforcement Cases and Proceedings Case Document Search Refunds Commission Decision Volumes Closing Letters and Other Public Statements Petitions to Quash Adjudicative Proceedings Premerger Notification Program Statute, Rules and Formal Interpretations Form and Instructions Informal Interpretations Early Termination Notices Current Thresholds Filing Fee Information Post-Consummation Filings (HSR Violations) Medicare Act Filings store HSR Resources Contact Information First Time Filer? Merger Review store Anticompetitive Practices Rules eCFR Rulemaking and Regulatory Reform Proceedings Trade Regulations Rules and Industry Guides Regulatory Review Statutes Consumer Sentinel Network Members Reports Newsletters Data Contributors Policy Advocacy Amicus Briefs Advocacy Filings store Other Applications, Petitions, and Requests Advisory Opinions Federal Register Notices Reports Policy Reports US Submissions to OECD and Other International Competition Fora Litigation Status Report Magnuson-Moss Warranty store Public Audit Filings Webb-Pomerene Act Filings Testimony Public Comments Public Comment Search International International Competition International Consumer Protection International Technical store Assistance Program International Cooperation Agreements Competition & Consumer Protection Authorities Worldwide store International Fellows Program Tips & Advice For Consumers Business Center Competition Guidance I Would Like To... Submit a Consumer Complaint to the FTC File a Comment Get a Free Copy of My Credit Report List a Number on the National Do Not Call Registry Report An Antitrust Violation
The Federal Trade Commission today announced a complaint challenging The Great Atlantic & Pacific Tea Company, Inc. s (A&P) proposed $1.3 billion acquisition of Pathmark Stores, Inc. The complaint charges that the proposed acquisition would result in reduced competition between the two supermarket firms in Staten Island, New York and Shirley, Long Island, New York. Under the terms of a consent order settling store the Commission s charges, the companies must sell four of A&P s Waldbaum s supermarkets store and one Pathmark supermarket in Staten Island, as well as one Waldbaum s supermarket in Shirley, Long Island, to Commission- approved buyers by January 10, 2008.
A&P and Pathmark are supermarket competitors in the highly concentrated areas of Staten Island and Shirley, Long Island, New York, said Jeffrey Schmidt, Director of the FTC s Bureau of Competition. Absent the relief provided by the Commission s consent order, consumers store in these areas likely store would face higher prices and lower levels of service when shopping for their weekly groceries.
Under store the terms of an agreement between the companies dated March 4, 2007, A&P will acquire all of the voting securities of Pathmark for approximately $1.3 billion, including the assumption of debt. A&P, a Maryland corporation based in Montvale, New Jersey, owns and operates about 316 supermarkets in Connecticut, Delaware, Maryland, New York, New Jersey, store and the District of Columbia. It operates supermarkets under the A&P, A&P
No comments:
Post a Comment