The Federal Trade Commission is looking for individuals or other entities interested in serving as trustees to accomplish divestitures or to oversee other obligations of respondents under FTC antitrust orders. The Commission is asking those who would like to be considered to submit their names, background experience, and any information about their particular areas of interest or expertise. The Commission said it will consider this information when searching for trustees in the future.
The FTC appoints trustees from time to time when respondents have not divested assets or businesses as required by orders in connection with mergers or acquisitions that the FTC alleged were anticompetitive. The Commission also has appointed trustees to oversee respondents' efforts to transfer research assets and intellectual property, particularly in several recent cases involving the pharmaceutical industry. The trustees must have background or expertise in the industries and assets involved. Trustees can be individual persons or entities such as investment banks or merger or acquisition firms.
Interested parties should submit the requested information to: Daniel P. Ducore, Assistant Director, Compliance Division, Bureau of Competition, Federal Trade Commission, Suite 2115, 601 Pennsylvania Avenue, N.W., Washington, D.C. 20580.
Copies of recent FTC news releases announcing lawenforcement actions to challenge mergers or acquisitions as anticompetitive are available from the FTC's Public Reference Branch, Room 130, Washington, D.C. 20580; 202-326-2222; TTY for the hearing impaired 1-866-653-4261. These and other materials also are available on the Internet at the FTC's World Wide Web site at http://www.ftc.gov