Recent Development in Antitrust and International Trade Law

FTC Approves Proposed Divestiture in Matter of Thermo Electron Corporation

March 30, 2007 at 5:33 pm

On March 30, the FTC approved a petition for proposed divestiture from Thermo Electron Corporation (“Thermo”). Under the consent agreement and order with the FTC regarding Thermo’s proposed acquisition of Fisher Scientific International, Inc., the respondent was required to divest the high-performance centrifugal vacuum evaporators (“CVE”s) assets, to a Commission-approved […]

Commission Approves Final Consent Order in Matter of Kinder Morgan, Inc.

March 16, 2007 at 5:32 pm

On March 16, following a public comment period, the FTC approved the issuance of a final consent order in the matter concerning the acquisition of interests in Kinder Morgan, Inc by TC Group LLC (The Carlyle Group) et al. The Commission vote was 3-1, with Commissioner Jon Leibowitz voting no […]

FTC Sues to Block Acquisition of The Peoples Natural Gas Company from Dominion Resources

March 15, 2007 at 5:29 pm

On March 15, the FTC approved a complaint challenging Equitable Resources, Inc.’s (“Equitable”) proposed acquisition of The Peoples Natural Gas Company (“Dominion Peoples”), a subsidiary of Dominion Resources, Inc., on the basis that the merger would create a monopoly in the sale of natural gas in Southwestern Pennsylvania. The complaint […]

Natural Gas Pipeline Company and Executives Indicted

March 13, 2007 at 11:07 am

On March 13, the DOJ announced that a federal grand jury in Denver indicted B&H Maintenance & Construction Inc. (“B&H”) a Eunice, New Mexico based construction company and two of its executives, Jon Paul Smith, vice president and regional manager; and Landon R. Martin, manager of marketing and business development, […]

FTC Receives Seventh Petition for Approval of Proposed Divestiture from SCI and Alderwoods Group

March 12, 2007 at 5:28 pm

On March 12, the FTC received a petition from Service Corporation International (“SCI”) and Alderwoods Group, Inc. seeking approval of a proposed divestiture related to SCI’s recent acquisition of Alderwoods. In the FTC’s consent agreement and order SCI and Alderwoods were required to divest a range of funeral home and […]

Kmart Settles With FTC Over Gift Card Sales Practices

March 12, 2007 at 10:52 am

On March 12, Kmart Corporation agreed to settle FTC’s charges that it engaged in deceptive practices in advertising and selling its Kmart gift card. Kmart will implement a refund program and publicize it on its Web site. This is the agency’s first law enforcement action involving gift cards. According to […]

Commission Approves Application for Proposed Divestiture in Matter of Linde AG/BOC Group plc

March 9, 2007 at 5:27 pm

On March 9, the FTC approved an application for a proposed divestiture from Linde AG and The BOC Group plc concerning an August 29, 2006, FTC consent order regarding the acquisition of BOC by Linde. Under the terms of the order, the parties were required, among other things, to divest […]

FTC Receives Supplemental Petition for Approval of Proposed Divestiture from SCI and Alderwoods Group

March 6, 2007 at 5:26 pm

On March 6, the FTC received a supplemental petition from Service Corporation International (“SCI”) and Alderwoods Group, Inc. seeking approval of a proposed divestiture related to SCI’s recent acquisition of Alderwoods. The FTC’s agreement and order required SCI and Alderwoods to divest a range of funeral home and cemetery services […]