Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Carpenter Technology Corporation’s proposed $410 million acquisition of Latrobe Specialty Metals, Inc. would harm competition in the U.S. markets for two specialty metallic alloys used in the aerospace industry. The final FTC order requires Carpenter divest assets necessary […]
Tag Archives: Competition
FTC Commissioner Edith Ramirez to Participate in International Competition Network Conference in Rio de Janeiro, Brazil
FTC Commissioner Edith Ramirez will participate in the 11th annual International Competition Network (ICN) conference in Rio de Janeiro from April 18-20, 2012. At the conference, senior government officials, private-sector antitrust experts and representatives of intergovernmental organizations will meet to discuss key competition issues and recent ICN work in the areas of unilateral conduct, mergers, […]
FTC Closes Eight-Month Investigation of Express Scripts, Inc.’s Proposed Acquisition of Pharmacy Benefits Manager Medco Health Solutions, Inc.
The Federal Trade Commission has closed its investigation of the proposed acquisition of pharmacy benefits manager Medco Health Solutions, Inc. by Express Scripts, Inc. Express Scripts, headquartered in St. Louis, Missouri, and Medco, headquartered in Franklin Lakes, New Jersey, are two of the largest PBMs in the United States. Under an agreement dated July 20, […]
FTC Testifies on Proposed Antitrust Exemption for Community Pharmacies
The Federal Trade Commission testified today before Congress about proposed legislation that would exempt independent pharmacies from the antitrust laws, saying that such an exemption is likely to reduce competition and innovation, and ultimately increase prices for health care consumers in the United States. Testifying before the U.S. House Judiciary Committee’s Subcommittee on Intellectual Property, […]
Citing Likely Anticompetitive Effects, FTC Requires ProMedica Health System to Divest St. Luke’s Hospital in Toledo, Ohio, Area
The Federal Trade Commission ruled that ProMedica Health System’s August 2010 acquisition of rival St. Luke’s Hospital was anticompetitive and likely to substantially lessen competition and increase prices for general acute-care inpatient hospital services and inpatient obstetric services sold to commercial health plans in the Toledo, Ohio area. In a 4-0 decision, the Commission ordered […]
FTC Orders Graco Inc. to Hold Separate Worldwide Liquid Finishing Equipment Businesses it is Acquiring from its Rival, ITW
The Federal Trade Commission issued an order requiring Graco Inc. to hold separate the worldwide liquid finishing equipment businesses of Illinois Tool Works Inc. and ITW Finishing LLC, while allowing Graco to complete its proposed $650 million acquisition of all of ITW’s finishing equipment businesses. The FTC challenged the deal on competition grounds in December […]
FTC Seeks U.S. Supreme Court Review of Appeals Court Rulingin Phoebe Putney/Palmyra Park Hospital Case
Acting at the request of the Federal Trade Commission the Solicitor General of the United States petitioned the U.S. Supreme Court to review a recent federal appeals court ruling concerning Phoebe Putney Health System’s acquisition of Palmyra Park Hospital in Albany, Georgia. The filing, known as a petition for certiorari, was made with the Court […]
Second Firm Agrees to Settle FTC Charges of Collusion in the Market for Pipe Fittings Used by Municipal Water Systems
Star Pipe Products, Ltd., a leading supplier of ductile iron pipe fittings, which are used in municipal water systems around the United States, has agreed to settle Federal Trade Commission charges that it conspired with the two other largest manufacturers to increase the prices at which pipe fittings were sold nationwide. Under a proposed order […]
FTC Approves Dow Chemical’s Application to Sell Torrance, California, Chemicals Facility to Hager Pacific Acquisitions LLC
Following a public comment period, the Federal Trade Commission has approved an application by The Dow Chemical Company to sell a chemical production facility and associated property in Torrance, California, to Hager Pacific Acquisitions LLC. The sale is required by a 2009 settlement order resolving the FTC’s concerns that Dow’s acquisition of Rohm & Haas […]
FTC Approves Healthcare Technology’s Application to Sell SDI Health’s Audit Businessess
Following a public comment period, the Federal Trade Commission has approved an application by Healthcare Technology Holdings, Inc., in which the company requested approval to sell two audit businesses of SDI Health LLC to inVentiv Health, Inc. The divestiture is required by the final FTC settlement order allowing Healthcare Technology’s subsidiary IMS Health Inc. to […]