The Federal Trade Commission today announced the following action.

 

Applications for approval of transactions: The FTC has received an application for approval of a transaction from the following. The FTC is seeking public comments on the application for 30 days, until January 5, 1998.

• Automatic Data Processing, Inc. (ADP) of Roseland, New Jersey, has applied for FTC approval to divest AutoInfo Assets to Cooperative Computing, Inc., an affiliate of Hicks, Muse, Tate & Furst, Inc. Divestiture of the assets is required under a consent order settling charges that ADP's acquisition of AutoInfo assets resulted in a monopoly and substantially reduced competition in five markets in the salvage-yard parts trading information network industry. (See October 24, 1997, June 18, 1997, news releases for more details regarding this case; Docket No. 9282.) Staff contact is Daniel Ducore, 202-326-2526.)

 

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

Media Contact:

Office of Public Affairs
202-326-2180