Consolidated Foods Corporation
Volume 102 · 102 F.T.C. 1833
Cite this decision
Consolidated Foods Corporation, 102 F.T.C. 1833 (1983). Consumer Law Library, https://consumerlawlibrary.org/decisions/v102-0050
Report an error in this record (decision id v102-0050)
Cited by 5 later FTC decisions
- PEPSICO, INC., ET AL cited_neutral
- PEPSICO, INC., ET AL cited_neutral
- LOUISIANA-PACIFIC CORPORATION cited_neutral
- FIRESTONE TIRE & RUBBER CO., ET AL cited_neutral
- GENERAL NUTRITION CORPORATION, ALSO TRADING AS NATURAL SALES COMPANY AND DAVID B. SHAKARIAN treatment unresolved
Cites
Text (OCR of the scan at left; may contain errors)
IN THE MATTER OF CONSOLIDATED FOODS CORPORATION MODIFYING ORDER IN REGARD TO ALLEGED VIOLATION OF SEC. 7 OF THE CLAYTON ACT Docket C-I024. Consent Order, Dec. 1965--Modifying Order, Dec. , 1983 On Dec. 1983, the Federal Trade Commission deleted Paragraph VIII from the order issued against Consolidated Foods Corp. on Dec. 21 , 1965 (68 F. C. 1137). The Commission has determined that order provisions requiring prior approval of future acquisitions generally should not have terms exceeding ten years. ORDER REOPENING PROCEEDING AND MODIFYING ORDER By petition fied August 8, 1983, respondent Consolidated Foods Corporation ("Consolidated") requests, pursuant to Section 5(b) of the Federal Trade Commission Act (15 VB.C. 45(b)), that the Commission modify its final order in this matter to remove the prior approval requirement contained in Paragraph VIII of the order. Pursuant to Section 2.51 ofthe Commission s Rules of Practice and Procedure, the petition was placed on the public record for thirty days. No comments were received.
The Commission has determined that order provisions requiring prior Commission approval of future acquisitions generally should not have terms exceeding ten years. In most cases, the Commission believes that such prior approval provisions wil have served their remedial and deterrent purposes after ten years and that the findings upon which such provisions are based should not be presumed to continue to exist for a longer period of time. The Commission has reviewed respondent' s petition and has concluded that the order hai served its law enforcement and remedial goals. Therefore, upon consideration of the petition, the Commission, iJ the exercise of its discretion, finds that elimination of Paragraph VII is in the public interest.
Accordingly, it is ordered that the proceeding be, and it hereby i reopened for the purpose of modifying the Order entered therein; It is further ordered That Paragraph VIII shall terminate up' service of this order.
Modifying Order 102 F,