FTC chain merger analyses stressing need for "anchor" chains to compete -- FTC's Cary.
This article was originally published in The Tan Sheet
Executive Summary
FTC WANTS DIVESTITURE PACKAGE SALEABLE AND RESTORATIVE OF COMPETITION in the affected markets of merged corporate entities, Federal Trade Commission Deputy Director for Mergers George Cary told the Corporate Counsel Institute in Atlanta Dec. 12. FTC wants "to ensure as much as possible that the divestiture package will be saleable and will in fact restore competition in the affected markets," Cary said. That principle has influenced the agency's review of recent chain pharmacy mergers, including Thrift/Eckerd and Rite Aid/Revco.