FTC Requests Public Comments on SCI’s Application to Approve Sale of Funeral Home in Auburn, California

The Federal Trade Commission is currently accepting public comments on an application by Service Corporation International (SCI) to sell a funeral home located in Auburn, California, as required under the FTC’s May 2014 order settling charges that SCI’s acquisition of Stewart Enterprises, Inc. would likely be anticompetitive. In total, the order requires the combined SCI/Stewart to divest 53 funeral homes and 38 cemeteries, to ensure that competition is maintained in 59 communities throughout the United States.

SCI’s current application replaces a prior petition to the FTC to approve the divestiture of the Lassila Funeral Chapel in Auburn, California to Wagemann Holdings, Inc., which withdrew its offer. The new application petitions the FTC to approve the divestiture of the funeral home to Claney Oatmeyer Semenyuk Inc.. This company has extensive experience in operating funeral homes, which will assure that this property remains a strong and effective competitor in the local market, according to the new application.

The Commission will decide whether to approve the proposed divestiture after expiration of a 30-day public comment period. Public comments may be submitted until December 2, 2014. Written comments should be sent to: FTC Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. Comments can also be filed electronically regarding the proposed divestiture to Claney Oatmeyer Semenyuk Inc. (FTC File No. 131-0163, Docket No. C-4423; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623)

The FTC’s Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the Commission take law enforcement action. To inform the Bureau about particular business practices, call 202-326-3300, send an e-mail to antitrust{at}ftc{dot}gov, or write to the Office of Policy and Coordination, Bureau of Competition, Federal Trade Commission, 600 Pennsylvania Ave., NW, Room CC-5422, Washington, DC 20580. To learn more about the Bureau of Competition, read Competition Counts. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

IR Press

Share
Published by
IR Press

Recent Posts

U.S. Department of the Treasury’s Federal Insurance Office Launches New Partnership with the National Science Foundation on Terrorism and Catastrophic Cyber Risks

WASHINGTON – This week, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted…

2 days ago

IRS Direct File Pilot Exceeds Usage Goal, Receiving Positive User Ratings and Saving Taxpayers Money

140,803 Taxpayers Filed Their Taxes Directly with the IRS for Free as users claimed more…

2 days ago

Acting Comptroller Issues Statement on the FDIC’s Proposals Related to Change in Bank Control Act

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the…

3 days ago

Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian Military

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is…

3 days ago

U.S. Department of the Treasury, IRS Release Final Rules on Provision to Expand Reach of Clean Energy Tax Credits Through President Biden’s Investing in America Agenda

New Inflation Reduction Act Provision Broadens Access and Boosts Return on Clean Energy Tax CreditsWashington,…

3 days ago

Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Banking Roundtable in San Juan, Puerto Rico

As Prepared for DeliveryThank you all for coming together today for this important discussion. I am…

3 days ago