The Federal Trade Commission has approved the sale of the former Penn Traffic supermarket located at 404 West Morris Street in Bath, New York, to Moran Foods, Inc., d/b/a Save-A-Lot, Ltd. The sale is required under an FTC order settling charges that Tops Markets’ January 2010 acquisition of the bankrupt Penn Traffic Company supermarket chain would be anticompetitive, as originally proposed.
The Commission vote approving the sale of the Bath store was 4-0. (FTC File No. 101-0074, Docket No. C-4295; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623; see press release dated August 4, 2010.)
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(FYI 1.2012.wpd)