Part 2 Consents
On 6/15/2012, the FTC required Koninklijke Ahold N.V., the parent company of Giant Food Stores, LLC, to sell a supermarket outside of Philadelphia, Pennsylvania, to settle charges that its proposed acquisition of the Genuardi's supermarket chain from Safeway Inc. otherwise would be anticompetitive. The transaction, if completed, would eliminate competition between Giant and Genuardi's, allowing the combined firm to raise prices unilaterally. The transaction also would increase the likelihood that Giant and Acme would be able to tacitly or expressly work together to raise prices or otherwise reduce competition in a way that would harm local consumers, the FTC alleged. On 8/17/2012, the FTC approved a final order settling charges that Koninklijke Ahold N.V.'s proposed acquisition of Genuardi's supermarkets would have been anticompetitive in the local grocery market in Newtown, Pennsylvania. The final order resolving the charges preserves competition in the local grocery market by requiring Ahold to sell a supermarket in Newtown, Pennsylvania to McCaffrey's supermarkets.