FTC SETS PRECEDENT WITH RULING, ALLOWS AMIGO ACQUISITION IN P.R.

WASHINGTON -- The Federal Trade Commission here considered club stores and supermarkets to be the same class of trade for antitrust purposes for the first time when it issued its recent approval of Wal-Mart's acquisition of Supermercados Amigos, San Juan, Puerto Rico.To complete the acquisition, Wal-Mart Stores, Bentonville, Ark., must sell four locations of the 36-unit Amigo chain, which is the largest

WASHINGTON -- The Federal Trade Commission here considered club stores and supermarkets to be the same class of trade for antitrust purposes for the first time when it issued its recent approval of Wal-Mart's acquisition of Supermercados Amigos, San Juan, Puerto Rico.

To complete the acquisition, Wal-Mart Stores, Bentonville, Ark., must sell four locations of the 36-unit Amigo chain, which is the largest supermarket operator in Puerto Rico. The terms of the acquisition, which adds abo

Register to view the full article

Already a member? .

TAGS: Walmart