Articles Posted in FTC Antitrust Highlights

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 cemetery services companies. Through this…

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 the relevant “Atmospheric Gases Assets”…

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 companies in order to guarantee…

On February 27, the FTC approved a petition from General Dynamics Corporation (“General Dynamics”) to divest its 50% interest in American Ordinance LLC (“AO”). The divestiture was required to maintain competition in the U.S. and Canadian markets for melt-pour load, assemble, and pack (“LAP”) services. Through its petition, General Dynamics requested Commission approval to divest…

On February 23, the Commission approved an application for divestiture from Dan L. Duncan (“Duncan”); EPCO, Inc. (“EPCO”); Texas Eastern Products Pipeline Company, LLC; and TEPPCO Partners, L.P. (together “TEPPCO”), concerning a 2006 FTC order related to TEPPCO’s interest in the Mont Belvieu Storage Partners, L.P. (“MBSP”). Under the terms of the FTC decision and…

On February 16, the Commission 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. The FTC’s consent agreement and order required that SCI and Alderwoods divest a range of funeral home and cemetery service companies. Through this petition, the…

On February 9, the FTC received a petition for approval of a proposed divestiture from Thermo Electron Corporation. Under the order, Thermo was required to divest the high-performance centrifugal vacuum evaporators (“CVE”s) assets to a Commission-approved buyer. In the petition, Thermo requested FTC approval to divest the CVE assets to Riverlake Partners, L.P. (Riverlake) and,…

On January 18, the Commission announced its challenge to Hospira Inc.’s (“Hospira”) proposed $2 billion acquisition of rival drug manufacturer Mayne Pharma Ltd. (“Mayne”), along with an agreement and order requiring the companies to sell assets used to manufacture and supply five generic injectable pharmaceuticals in order for the transaction to proceed. Absent relief, the…

On January 17, testifying before the Senate Committee on the Judiciary on the subject of anticompetitive patent settlements in the U.S. pharmaceutical industry, FTC Commissioner Jon Leibowitz said that recent court cases have made it more difficult to bring antitrust cases to stop exclusion payment settlements between brand manufacturers and their generic competitors, and that…

On January 9, the Commission received a petition from Service Corporation International (SCI) and Alderwoods Group, Inc. seeking approval to divest the properties listed below under three sale agreements, to KAG, LLC, which, prior to the closing of the transaction, will be a subsidiary of NorthStar Memorial Group, LLC. The first sale agreement includes: Graceland…