The Federal Trade Commission today announced the following actions. The FTC staff contact is Dan Ducore, 202-326-2526.
Commission action regarding applications for prior approval of transactions: Following a public comment period, the FTC has ruled on an application from the following:
- The FTC has approved the application of Schnuck Markets, Inc., of St. Louis, Missouri, to divest 23 supermarkets to Family Company of America, Inc., a newly-formed company also based in St. Louis. These divestitures, as well as one other divestiture for which a second application is pending at the FTC, are required under a 1995 consent order settling charges over Schnucks' acquisition of supermarkets owned by National Holdings, Inc. The divestitures are designed to restore competition allegedly injured by the acquisition (see March 8, 1995 news release regarding the 1995 consent order; Docket No. C-3585; Commission vote 5-0).
- Tele-Communications, Inc. (TCI) has petitioned the FTC to reopen and modify a consent order, so as to end the company's obligation to obtain FTC approval before acquiring any interest in any cable television system in the Columbus, Georgia, area. The prior-approval provision is included in a 1995 consent order that settled FTC charges over TCI's acquisition of TeleCable Corporation of Norfolk, Virginia (see Jan. 26, 1995 news release regarding the consent order; Docket No. C-3575).
Comments on the petition 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