For Your Information: August 20, 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 an application for prior approval of a divestiture from the following. The application will be subject to public comment for 30 days, until Sept. 19, 1996.
- Hoechst Marion Roussell, Inc., of Kansas City, Missouri, has applied for FTC approval to divest Beraprost, a drug in development for treating intermittant claudication, a painful leg cramping, and related assets to Bristol-Myers Squibb Company, of Princeton, New Jersey. Divestiture of this and two other drugs is required under a December 1995 consent order designed to restore competition following the Hoechst Corporation’s acquisition of Marion Merrell Dow Inc. (See Sept. 18, 1995 news release regarding the consent order; Docket No. C-3629.)
Commission action regarding applications for prior approval: Following a public comment period, the FTC has ruled on an application from the following:
- The FTC has approved the application of Schwegmann Giant Super Markets, Inc., of New Orleans, Louisiana, to divest the Canal Villere supermarket at 135 Robert E. 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 Supermakets, Inc., also of Matairie. The divestitures were required under an 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 regarding the consent order; Docket No. C-3584; Commission vote to approve these divestitures was 5-0 on Aug. 15.)
Comments on the application 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
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