Type of Release: June 11, 1996
The Federal Trade Commission today announced the following actions. The FTC staff contact is Dan Ducore, 202-326-2526.
Applications for prior approval of transactions: The FTC has received applications for prior approval of divestitures from the following. The applications will be subject to public comment for 30 days, until July 10.
- Schwegmann Giant Super Markets, Inc., of New Orleans, Louisiana, has applied for FTC approval of three proposed divestitures: the Canal Villere supermarket at 5245 Veterans Memorial Highway in Metairie, Louisiana, to Economical Super Markets, Inc., which does business as Zuppardo’s Economical Super Markets, and which is based in Metairie; the Canal Villere supermarket at 135 Robert E. Lee Boulevard in New Orleans to M. Robert Enterprises, Inc., of Metairie; and the That Stanley! Supermarket at 9319 Jefferson Highway in River Ridge to Breaux Mart Supermarkets, Inc., also of Metairie. The divestitures are among the seven required under a 1995 consent order designed to restore supermarket competition allegedly injured when Schwegmann acquired the New Orleans supermarkets formerly owned by National Holdings, Inc. from Schnuck Markets, Inc. (See March 8, 1995 news release for more details regarding the consent order; Docket No. C-3584.)
Commission action regarding applications for prior approval: Following a public comment period, the FTC has ruled on applications from the following:
- The FTC has approved the application of Litton Industries, Inc., of Woodland Hills, California, to divest the multi-million dollar systems engineering and technical assistance contract for the Navy’s Aegis destroyer program to Vitro Corporation, a subsidiary of Tracor, Inc. based in Rockville, Maryland. The divestiture was required by a 1996 consent order designed to restore competition allegedly injured by Litton’s acquisition of PRC, Inc. Litton is one of two contractors that manufacture Aegis destroyers for the Navy, and PRC was the sole systems engineering and technical assistance contractor for the program. The FTC therefore alleged that the acquisition would violate antitrust laws. (See Feb. 15, 1996 news release for more details about the consent order; Docket No. C-3656; Commission vote to approve the divestiture was 5-0.)
Comments on the Schwegmann applications should be addressed to the FTC, Office of the Secretary, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580. Copies of the documents referenced above are available from the FTC’s Public Reference Branch, Room 130, at the same address; 202-326-2222; TTY for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710. FTC news releases and other materials also are available on the Internet at the FTC’s World Wide Web site at: http://www.ftc.gov
- Media Contact:
- Office of Public Affairs,