Showing posts with the label FTC Final Order Press Release.
FTC Issues Final Order Preserving Supermarket Competition in 130 Local Markets Albertsons and Safeway Required to Sell 168 Stores in Eight States Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the $9.2 billion merger of supermarket operators Albertsons and Safeway Inc. would be anticompetitive . According to the FTC’s complaint, first announced in January 2015, Albertsons and Safeway grocery stores competed vigorously on price, quality, product variety, and services, and each offered consumers the convenience of one-stop shopping for food and other grocery products. Without a remedy, the acquisition was likely to lessen supermarket competition in 130 local markets and thus harm consumers, according to the FTC. The final order requires the new company to divest 168 Albertsons and Safeway stores in Arizona, California, Montana, Nevada, Oregon, Texas, Washington, and Wyoming to four buye
FTC Final Order Press Release - January 9, 2015: FTC Approves Final Order Barring Blue Rhino, AmeriGas from Restraining Competition
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FTC Approves Final Order Barring Blue Rhino, AmeriGas from Restraining Competition Following a public comment period, the Federal Trade Commission has approved final orders settling charges that Blue Rhino and AmeriGas Cylinder Exchange , the two leading suppliers of propane exchange tanks, illegally colluded to push Walmart, a key customer, to accept a reduction in the amount of propane in exchange tanks. Under the settlements, each company is barred from agreeing with competitors to modify fill levels or otherwise fix the prices of exchange tanks, and from coordinating communications to customers. The FTC’s administrative complaint alleges that, together, Blue Rhino and AmeriGas controlled approximately 80 percent of the market for wholesale propane exchange tanks in the United States. In 2008, Blue Rhino and AmeriGas each decided to implement a price increase by reducing the amount of propane in their exchange tanks from 17 pounds to 15 pounds, without a correspo