U.S. and New York v. American Radio Systems Co., (D.D.C. 1996)
American Radio Systems was allowed to purchase two stations in Rochester, New York, provided that it divested three other Rochester stations. The company was also required to terminate a joint sales agreement with another Rochester radio station.
U.S. and Connecticut v. Oldcastle Northeast (D.Ct. 1996)
Acquistion of one asphalt producer by another. After joint investigation by state and Department of Justice, acquisition was approved with divestitures.
Maine v. Maine Heart Surgical Associates, P.A., 1996-2 Trade Cas. 71,654 (1995)
Merger of cardiac surgeon practices, transaction permitted with condidtions
Merger of CorestatesFinancial Corp./Meridian Bancorp
Joint investigation with Department of Justice of merger of two banks. Merger approved with divesitutres.
In the Matter of Wells Fargo/First Interstate Bancorp Merger
Joint investigaiton and agreement resolving competitive concners in merger of two large California banks.
U.S. and Connecticut v. Healthcare Partners, Inc., No. 3:95CV01946 (D. Conn. 1995)
After join investigation,United States and Connecticut alleged that sole hosptial in Danbury Connecticut conspired with physicians to preclude entry of managed care plans into the market. Consent decree was entered.
Massachusetts v. SSC Associates, L.P. and Stop & Shop Companies, Inc., No. 95-12377NG (D. Mass. Oct. 18, 1995) (Consent Decree).
Joint FTC/state review of acquisition by Stop & Shop Markets of Purity Supermarket chain. FTC and State entered into separate identical consent orders requring divesitutres.
District of Columbia v. CVS Corporation et al. (not reported)
The District of Columbia sought injunctive relief, alleging that CVS illegally acquired market power when it purchased Anchor Pharmacy’s customer prescription lists (as well as certain other assets) and secured Anchor’s agreement to exit the market. The District also alleged that, by virtue of the acquisition, CVS monopolized, or attempted to monopolize, the local pharmacy market.
Maine v. Rite-Aid Corp., 1995-2 Trade Cas. 71, 148 (Kennebec Super. Ct. Sept. 25, 1995)
Joint merger investigation with FTC into acquistion by Rite-Aid of Brooks Pharmacies in Maine. Settlement required divestiture of up to five pharmacies and prior notification of Attorney General if Rite-Aid acquired any additional pharmacies in specified communities in the next 10 years.
