The Federal Trade Commission today released a list of companies that are required, as the subjects of FTC orders, to obtain FTC approval before acquiring certain assets or voting securities of other entities. The 98 companies on the list may petition the FTC to set aside the orders' prior-approval provisions, based on a policy statement the FTC issued last month. In that statement, the FTC said it no longer routinely would require parties to a merger it has challenged to obtain prior approval for future transactions in the same market, reserving that remedy for cases where special facts might warrant it. The Commission added that it would presume the public interest requires modifying prior-approval provisions in past orders to follow the new policy.
Several companies already have petitioned the FTC to reopen their orders and set aside the prior approval provisions. Upon receipt, such petitions are announced for a public comment period before the Commission issues its determination.
Copies of the list, the prior-approval policy statement, and the orders are available from the FTC's Public Reference Branch, Room 130, 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 FTC news as it is announced, call the FTC's 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