Commission approval of divestiture:
The Commission approved a proposed divestiture by ConocoPhillips, Inc. under the terms of the decision and order in the matter involving the recent merger of Conoco Inc. and Phillips Petroleum Company. Under that order, ConocoPhillips is required to divest certain assets and enter into certain agreements. Through an application filed with the FTC and announced on May 2, 2003, ConocoPhillips petitioned the Commission to approve the proposed divestiture of the “Colorado Assets” (as that term is defined in the order) to Suncor Energy, Inc. By a vote of 5-0, the Commission has approved the proposed divestiture. (FTC File No. 021-0040, Docket No. C-4058; staff contact is Daniel P. Ducore, Bureau of Competition, 202-326-2526; see press releases dated August 30 and September 20 and 24, 2002; and January 14, January 21, February 21, and May 2, 2003.)
Commission approval of final consent order:
Following a public comment period, the Commission has approved the issuance of a final consent order in the matter concerning GUESS?, Inc. and GUESS.COM, Inc. The Commission vote to approve the final consent order was 5-0. (FTC File No. 022-3260; staff contact is Jessica Rich, 202-326-2148; see press release dated June 18, 2003.)
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, DC 20580. Call toll-free: 1-877-FTC-HELP.
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