For Your Information: May 19, 2000
The Federal Trade Commission today announced the following actions:
Applications for approval of transactions:
- The FTC has received an application for the approval of a transaction from the following: Exxon Mobil Corporation. Exxon Mobil has applied for approval to divest the Exxon jet turbine oil business to BP Exploration & Oil, Inc., a subsidiary of BP Amoco p.l.c. The divestiture of the Exxon jet turbine oil business is required by Paragraphs XII.A. and XII.B. of the proposed order in Docket No. C-3907. Paragraph XII.A. of the proposed order requires that the divestiture be made only to an acquirer that receives the prior approval of the Commission and only in a manner that receives the prior approval of the Commission.
The Commission is seeking public comment on this application for 30 days, until June 19, 2000. Comments should be sent to the Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, D.C. 20580. (FTC File No. 991-0077; Docket No. C-3907; staff contact is Daniel P. Ducore, 202-326-2526; see press release dated November 30, 1999.)
Consent agreements given final approval:
- Following a public comment period, the Commission has made final a consent agreement with the following: FMC Corporation. The Commission vote to finalize the consent order was 5-0. (File No. 991-0218; staff contact is Robert S. Tovsky, 202-326-2634; see press release dated April 7, 2000.)
Copies of the documents mentioned in this release are available from the FTC's web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580; toll free: 877-FTC-HELP (877-382-4357); TDD 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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