Phillips Petroleum Co.
Volume 70 · 70 F.T.C. 452
Cite this decision
Phillips Petroleum Co., 70 F.T.C. 452 (1966). Consumer Law Library, https://consumerlawlibrary.org/decisions/v070-0017
Report an error in this record (decision id v070-0017)
Cited by 2 later FTC decisions
- PHILLIPS PETROLEUM COMPANY, ET AL cited_neutral
- PHILLIPS PETROLEUM COMPANY, ET AL cited_neutral
Cites
Text (OCR of the scan at left; may contain errors)
IN THE MATTER OF PHILLIPS PETROLEUM CO. ET AL.
CONSENT ORDER, ETC. , IN REGARD TO THE ALLEGED VIOLA TIO)/ OF THE FEDERAL TRADE COMMISSION ACT AND SEC. 7 OF THE CLAYTON ACT Docket C-l088. Complai, Aug. 1966-Decision, Ang. 19C(j Consent order requiring the di"solution of major joint ventures in the polyolefin plastics field between Philips Petroleum Co. of Oklahoma and National Distilers and Chemical Corp. of New York City, and requiring divestiture of a resin plant and three acquisitions made by one of these joint ventures, and requiring the construction of two hew resin plants by Phillps and banning future acquisitions and joint ventures by Philips or National.
COMPLAINT The Federal Trade Commission, having reason to believe that thc above-named respondents have violated the provisions of Section 7 of the Clayton Act and Section 5 (a) (1) of the Federal Trade Commission Act, 15 U.S. C. SS 18 and 45 (a) (1), and that a proceeding in respect thereof would be to the interest of the public, issues this complaint, stating its charges as follows: Complaint 70 F.
FINAL ORDER This matter having been heard by the Commission upon respondent' s appeal from the initial decision; and the Commission for the reasons stated in the accompanying opinion, having denied the appeal, and having modified the initial decision in part: It is Q1'dered That the initial decision of the hearing examiner as so modified, be, and it hereby is, adopted as the decision of the Commission.
It is further ordered That respondent shall, within sixty (60) days after service upon it of this order, fiJe with the Commission a report, in writing, setting forth in detail the manner and form in which it has complied with the order to cease and desist. Commissioner Elman dissented and has filed a dissenting opinion.