For Your Information: January 14, 1997
The Federal Trade Commission today announced the following action.
Commission action regarding petitions to reopen and modify FTC orders: Following a comment period, the FTC has ruled on a petition from the following:
- The FTC has granted the petition of The Penn Traffic Company, of Syracuse, New York, thereby reopening and modifying a 1995 consent order so as to end the firm’s obligation to divest one of its two supermarkets in Mount Carmel, Pennsylvania. This divestiture had been one of three required under the 1995 order, which was designed to restore supermarket competition allegedly injured when Penn Traffic acquired 45 stores in Pennsylvania and New York from Acme Markets, Inc. (the other two required divestitures received FTC approval). In granting the petition, the FTC said Penn Traffic had demonstrated that new entry into the Mount Carmel market by Sav-A-Lot and Wal- Mart has eliminated the need for the divestiture. (See May 19, 1995 news release for more details regarding the 1995 consent order; Docket No. C-3577; Commission vote to reopen and modify the order was 5-0.) Staff contact is Roberta Baruch, 202-326-2861.
Copies of the Commission’s ruling are available on the FTC’s web site at http://www.ftc.gov and also from the FTC’s Public Reference Branch Office, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 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.
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