[Federal Register Volume 60, Number 2 (Wednesday, January 4, 1995)]
[Notices]
[Page 469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-95]



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FEDERAL TRADE COMMISSION
[Dkt. C-3546]


Rite Aid Corporation; Prohibited Trade Practices, and Affirmative 
Correction Actions

AGENCY: Federal Trade Commission.

ACTION: Consent order.

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SUMMARY: In settlement of alleged violations of federal law prohibiting 
unfair acts and practices and unfair methods of competition, this 
consent order requires, among other things, Rite Aid, in conjunction 
with its acquisition of LaVerdiere's Enterprises, Inc., to divest the 
pharmacy assets either in its own Rite Aid stores, or in the 
LaVerdiere's stores it will acquire, in three specified cities, to a 
Commission-approved entity within 12 months of the order. If the 
divestitures are not accomplished within the time-frame, the Commission 
can appoint a trustee to accomplish them. In addition, the consent 
order requires the respondent, for a period of ten years, to obtain 
Commission approval before acquiring any assets or stocks in any entity 
engaged in the business of selling prescription drugs at retail outlets 
in the three designated cities.

DATES: Complaint and Order issued December 15, 1994.\1\

    \1\Copies of the Complaint and the Decision and Order are 
available from the Commission's Public Reference Branch, H-130, 6th 
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.

FOR FURTHER INFORMATION CONTACT: Ann Malester or Catharine Moscatelli, 
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FTC/S-2224, Washington, D.C. 20580. (202) 326-2682 or 326-2749.

SUPPLEMENTARY INFORMATION: On Monday, September 12, 1994, there was 
published in the Federal Register, 59 FR 46843, a proposed consent 
agreement with analysis In the Matter of Rite Aid Corporation, for the 
purpose of soliciting public comment. Interested parties were given 
sixty (60) days in which to submit comments, suggestions or objections 
regarding the proposed form of the order.
    Comments were filed and considered by the Commission. The 
Commission has ordered the issuance of the complaint in the form 
contemplated by the agreement, made its jurisdictional findings and 
entered an order to divest, as set forth in the proposed consent 
agreement, in disposition of this proceeding.

(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38 
Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C. 
45, 18)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 95-95 Filed 1-3-95; 8:45 am]
BILLING CODE 6750-01-M