In the Matter of Wells Fargo/First Interstate Bancorp Merger
Joint investigaiton and agreement resolving competitive concners in merger of two large California banks.
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.
U.S. and Florida v. Reuter Recycling of Florida Inc., No. 1:95CV01982 (D.D.C. 1995)
State of Florida and the Justice Department filed a joint antitrust action and proposed consent decree in U.S. District Court in Washington, D.C. against Waste Management and Reuter Recycling alleging that their proposed merger, by removing one of only three competitors in the market, would lessen competition in the market for municipal solid waste disposal service in Broward and Dade Counties. The proposed settlement allowed the companies to merge as long as they agree to keep a waste transfer station that Waste Management will acquire, as part of the deal, open to other waste disposal competitors.
In the Matter of Fleet Bank and Shawmut Bank
Plaintiff state reached agreement that allowed merger of two banks with branch divestitures and commitment to community loans.
In the Matter of Ralph’s & Yucaipa Companies
Merger of two southern California supermarket chains, parties entered into consent decree to divest 27 stores.
Maine v. Key Bank of Maine, 1991-2 Trade Cas. (CCH) 69,649 (D. Maine 1994)
Joint review by U.S./Maine of bank merger. Settled by divestitures
In the Matter of Sisters of Mercy Health System
State entered into settlement to resolve concerns about hospital acquiring physician practice groups.
In the Matter of Addison Gilbert Hospital, No. 9403286E (Mass. Super. Ct. Sufflok Cty. June 15, 1994)
Merger of two hospitals in geographically isolated area. Settlement included pricing restrictions.
